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$2,571 (target)

590 Cherry Hill Rd, Spartanburg, SC 29307

3 beds • 2 baths • 1581 sqft

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This property might be a fair Mid-Term investment with a projected 6.54% first-year return on $65,145 initial cash invested.

6.54%

Cash On Cash

8.76%

Cap Rate

1.39

DSCR

$2,571

Rent

$355

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,571 income − $2,216 expenses = $355 cash flow

Income$2,571Mortgage P&I$1,18046%Property Taxes$813%Insurance$803%Management$30912%CapEx$1034%Vacancy$773%Maintenance$1034%Other$28311%Cash Flow$355

Investment Breakdown

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Purchase Price

$225k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,145

Downpayment

20%

$44,900

Closing costs

1%

$2,245

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,571

Total Expenses

$2,216

Mortgage P&I

46%

$1,180

Property Taxes

3%

$81

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$309

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$283

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