REI Lense

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$2,002 (target)

602 W Quincy Rd, Seneca, SC 29678

3 beds • 3 baths • 2498 sqft

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This property looks like a bad Long-Term investment with a projected -6.93% first-year return on $67,200 initial cash invested.

-6.93%

Cash On Cash

5.04%

Cap Rate

0.82

DSCR

$2,002

Rent

-$388

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,002 income − $2,390 expenses = $388 out of pocket

Income$2,002Out of Pocket$388Mortgage P&I$1,63382%Property Taxes$1256%Insurance$1126%Management$20010%CapEx$1005%Vacancy$1206%Maintenance$1005%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,200

Downpayment

20%

$64,000

Closing costs

1%

$3,200

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,002

Total Expenses

$2,390

Mortgage P&I

82%

$1,633

Property Taxes

6%

$125

Home Insurance

6%

$112

HOA

0%

$0

Property Management

10%

$200

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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