REI Lense

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$3,021 (target)

700 Ridgeville Crossing Dr, Inman, SC 29349

3 beds • 3 baths • 2472 sqft

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This property might be a fair Long-Term investment with a projected 2.06% first-year return on $76,356 initial cash invested.

2.06%

Cash On Cash

6.84%

Cap Rate

1.16

DSCR

$3,021

Rent

$131

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,021 income − $2,890 expenses = $131 cash flow

Income$3,021Mortgage P&I$1,79259%Property Taxes$1846%Insurance$1294%Management$30210%CapEx$1515%Vacancy$1816%Maintenance$1515%Cash Flow$131

Investment Breakdown

|

Purchase Price

$364k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,356

Downpayment

20%

$72,720

Closing costs

1%

$3,636

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,021

Total Expenses

$2,890

Mortgage P&I

59%

$1,792

Property Taxes

6%

$184

Home Insurance

4%

$129

HOA

0%

$0

Property Management

10%

$302

CapEx

5%

$151

Vacancy

6%

$181

Maintenance

5%

$151

Other

0%

$0

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