REI Lense

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$1,987 (target)

622 Neelys Creek Rd, Rock Hill, SC 29730

3 beds • 2 baths • 1554 sqft

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This property looks like a bad Long-Term investment with a projected -12.28% first-year return on $95,550 initial cash invested.

-12.28%

Cash On Cash

3.58%

Cap Rate

0.61

DSCR

$1,987

Rent

-$978

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,987 income − $2,965 expenses = $978 out of pocket

Income$1,987Out of Pocket$978Mortgage P&I$2,235112%Property Taxes$553%Insurance$1598%Management$19910%CapEx$995%Vacancy$1196%Maintenance$995%

Investment Breakdown

|

Purchase Price

$455k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,550

Downpayment

20%

$91,000

Closing costs

1%

$4,550

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,987

Total Expenses

$2,965

Mortgage P&I

112%

$2,235

Property Taxes

3%

$55

Home Insurance

8%

$159

HOA

0%

$0

Property Management

10%

$199

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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