REI Lense

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$1,580 (target)

561 Bee St, Spartanburg, SC 29301

3 beds • 2 baths • 1080 sqft

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This property looks like a bad Long-Term investment with a projected -0.98% first-year return on $41,706 initial cash invested.

-0.98%

Cash On Cash

6.98%

Cap Rate

1.04

DSCR

$1,580

Rent

-$34

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,580 income − $1,614 expenses = $34 out of pocket

Income$1,580Out of Pocket$34Mortgage P&I$1,11170%Property Taxes$221%Insurance$704%Management$15810%CapEx$795%Vacancy$956%Maintenance$795%

Investment Breakdown

|

Purchase Price

$199k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,706

Downpayment

20%

$39,720

Closing costs

1%

$1,986

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,580

Total Expenses

$1,614

Mortgage P&I

70%

$1,111

Property Taxes

1%

$22

Home Insurance

4%

$70

HOA

0%

$0

Property Management

10%

$158

CapEx

5%

$79

Vacancy

6%

$95

Maintenance

5%

$79

Other

0%

$0

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