REI Lense

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$2,135 (target)

8329 Longridge Rd, North Charleston, SC 29418

3 beds • 2 baths • 1480 sqft

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This property looks like a bad Long-Term investment with a projected -6.57% first-year return on $73,017 initial cash invested.

-6.57%

Cash On Cash

4.99%

Cap Rate

0.83

DSCR

$2,135

Rent

-$400

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,135 income − $2,535 expenses = $400 out of pocket

Income$2,135Out of Pocket$400Mortgage P&I$1,74081%Property Taxes$1155%Insurance$1246%Management$21410%CapEx$1075%Vacancy$1286%Maintenance$1075%

Investment Breakdown

|

Purchase Price

$348k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,017

Downpayment

20%

$69,540

Closing costs

1%

$3,477

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,135

Total Expenses

$2,535

Mortgage P&I

82%

$1,740

Property Taxes

5%

$115

Home Insurance

6%

$124

HOA

0%

$0

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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