REI Lense

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$2,347 (target)

510 Horseshoe Dr, Seneca, SC 29678

3 beds • 3 baths • sqft

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This property looks like a bad Long-Term investment with a projected -1.91% first-year return on $68,523 initial cash invested.

-1.91%

Cash On Cash

5.91%

Cap Rate

1.01

DSCR

$2,347

Rent

-$109

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,347 income − $2,456 expenses = $109 out of pocket

Income$2,347Out of Pocket$109Mortgage P&I$1,59968%Property Taxes$1285%Insurance$1195%Management$23510%CapEx$1175%Vacancy$1416%Maintenance$1175%

Investment Breakdown

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Purchase Price

$326k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,523

Downpayment

20%

$65,260

Closing costs

1%

$3,263

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,347

Total Expenses

$2,456

Mortgage P&I

68%

$1,599

Property Taxes

5%

$128

Home Insurance

5%

$119

HOA

0%

$0

Property Management

10%

$235

CapEx

5%

$117

Vacancy

6%

$141

Maintenance

5%

$117

Other

0%

$0

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