REI Lense

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$3,123 (target)

658 Timber Walk Dr, Simpsonville, SC 29681

3 beds • 2 baths • 1820 sqft

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This property might be a fair Mid-Term investment with a projected 3.23% first-year return on $83,205 initial cash invested.

3.23%

Cash On Cash

7.49%

Cap Rate

1.22

DSCR

$3,123

Rent

$224

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,123 income − $2,899 expenses = $224 cash flow

Income$3,123Mortgage P&I$1,59051%Property Taxes$782%Insurance$1404%HOA$281%Management$37512%CapEx$1254%Vacancy$943%Maintenance$1254%Other$34411%Cash Flow$224

Investment Breakdown

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Purchase Price

$311k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,205

Downpayment

20%

$62,100

Closing costs

1%

$3,105

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,123

Total Expenses

$2,899

Mortgage P&I

51%

$1,590

Property Taxes

3%

$78

Home Insurance

4%

$140

HOA

1%

$28

Property Management

12%

$375

CapEx

4%

$125

Vacancy

3%

$94

Maintenance

4%

$125

Other

11%

$344

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