REI Lense

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$2,172 (target)

59 Palmetto Green Dr., Longs, SC 29568

3 beds • 2 baths • 1288 sqft

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This property looks like a bad Long-Term investment with a projected -2.26% first-year return on $62,538 initial cash invested.

-2.26%

Cash On Cash

5.97%

Cap Rate

0.99

DSCR

$2,172

Rent

-$118

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,172 income − $2,290 expenses = $118 out of pocket

Income$2,172Out of Pocket$118Mortgage P&I$1,49069%Property Taxes$583%Insurance$1125%HOA$653%Management$21710%CapEx$1095%Vacancy$1306%Maintenance$1095%

Investment Breakdown

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Purchase Price

$298k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,538

Downpayment

20%

$59,560

Closing costs

1%

$2,978

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,172

Total Expenses

$2,290

Mortgage P&I

69%

$1,490

Property Taxes

3%

$58

Home Insurance

5%

$112

HOA

3%

$65

Property Management

10%

$217

CapEx

5%

$109

Vacancy

6%

$130

Maintenance

5%

$109

Other

0%

$0

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