REI Lense

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$3,494 (target)

731 Rose Penny Ln, Spartanburg, SC 29301

3 beds • 3 baths • 2436 sqft

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This property looks like a bad Mid-Term investment with a projected -2.72% first-year return on $109k initial cash invested.

-2.72%

Cash On Cash

5.72%

Cap Rate

0.95

DSCR

$3,494

Rent

-$246

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,494 income − $3,740 expenses = $246 out of pocket

Income$3,494Out of Pocket$246Mortgage P&I$2,16562%Property Taxes$1715%Insurance$1404%HOA$762%Management$41912%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38411%

Investment Breakdown

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Purchase Price

$432k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$86,320

Closing costs

1%

$4,316

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,494

Total Expenses

$3,740

Mortgage P&I

62%

$2,165

Property Taxes

5%

$171

Home Insurance

4%

$140

HOA

2%

$76

Property Management

12%

$419

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$384

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