REI Lense

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$2,548 (target)

8 Brentwood Dr, Elgin, SC 29045

3 beds • 2 baths • 1194 sqft

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This property might be a fair Mid-Term investment with a projected 4.18% first-year return on $69,135 initial cash invested.

4.18%

Cash On Cash

8.01%

Cap Rate

1.27

DSCR

$2,548

Rent

$241

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,548 income − $2,307 expenses = $241 cash flow

Income$2,548Mortgage P&I$1,28350%Property Taxes$723%Insurance$863%Management$30612%CapEx$1024%Vacancy$763%Maintenance$1024%Other$28011%Cash Flow$241

Investment Breakdown

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Purchase Price

$244k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,135

Downpayment

20%

$48,700

Closing costs

1%

$2,435

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,548

Total Expenses

$2,307

Mortgage P&I

50%

$1,283

Property Taxes

3%

$72

Home Insurance

3%

$86

HOA

0%

$0

Property Management

12%

$306

CapEx

4%

$102

Vacancy

3%

$76

Maintenance

4%

$102

Other

11%

$280

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