REI Lense

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$3,016 (target)

616 Fairview Lake Way, Simpsonville, SC 29680

3 beds • 3 baths • 1696 sqft

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This property looks like a bad Mid-Term investment with a projected -2.94% first-year return on $86,040 initial cash invested.

-2.94%

Cash On Cash

5.61%

Cap Rate

0.94

DSCR

$3,016

Rent

-$211

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,016 income − $3,227 expenses = $211 out of pocket

Income$3,016Out of Pocket$211Mortgage P&I$1,60553%Property Taxes$48016%Insurance$1164%Management$36212%CapEx$1214%Vacancy$903%Maintenance$1214%Other$33211%

Investment Breakdown

|

Purchase Price

$324k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,040

Downpayment

20%

$64,800

Closing costs

1%

$3,240

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,016

Total Expenses

$3,227

Mortgage P&I

53%

$1,605

Property Taxes

16%

$480

Home Insurance

4%

$116

HOA

0%

$0

Property Management

12%

$362

CapEx

4%

$121

Vacancy

3%

$90

Maintenance

4%

$121

Other

11%

$332

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