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$2,822 (target)

801 Magness Dr, Spartanburg, SC 29303

3 beds • 3 baths • 2397 sqft

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This property might be a fair Mid-Term investment with a projected 3.86% first-year return on $71,886 initial cash invested.

3.86%

Cash On Cash

7.87%

Cap Rate

1.26

DSCR

$2,822

Rent

$231

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,822 income − $2,591 expenses = $231 cash flow

Income$2,822Mortgage P&I$1,33947%Property Taxes$2047%Insurance$883%Management$33912%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31011%Cash Flow$231

Investment Breakdown

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Purchase Price

$257k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,886

Downpayment

20%

$51,320

Closing costs

1%

$2,566

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,822

Total Expenses

$2,591

Mortgage P&I

47%

$1,339

Property Taxes

7%

$204

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$339

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$310

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