REI Lense

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$2,370 (target)

561 Bee St, Spartanburg, SC 29301

3 beds • 2 baths • 1080 sqft

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This property might be a fair Mid-Term investment with a projected 7.26% first-year return on $59,706 initial cash invested.

7.26%

Cash On Cash

9.47%

Cap Rate

1.41

DSCR

$2,370

Rent

$361

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,370 income − $2,009 expenses = $361 cash flow

Income$2,370Mortgage P&I$1,11147%Property Taxes$221%Insurance$703%Management$28412%CapEx$954%Vacancy$713%Maintenance$954%Other$26111%Cash Flow$361

Investment Breakdown

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Purchase Price

$199k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,706

Downpayment

20%

$39,720

Closing costs

1%

$1,986

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,370

Total Expenses

$2,009

Mortgage P&I

47%

$1,111

Property Taxes

1%

$22

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$284

CapEx

4%

$95

Vacancy

3%

$71

Maintenance

4%

$95

Other

11%

$261

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