REI Lense

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$1,787 (target)

860 Thackston Dr, Spartanburg, SC 29307

3 beds • 3 baths • 1940 sqft

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This property looks like a bad Long-Term investment with a projected -9.22% first-year return on $65,835 initial cash invested.

-9.22%

Cash On Cash

4.35%

Cap Rate

0.73

DSCR

$1,787

Rent

-$506

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,787 income − $2,293 expenses = $506 out of pocket

Income$1,787Out of Pocket$506Mortgage P&I$1,55487%Property Taxes$1649%Insurance$1116%Management$17910%CapEx$895%Vacancy$1076%Maintenance$895%

Investment Breakdown

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Purchase Price

$314k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,835

Downpayment

20%

$62,700

Closing costs

1%

$3,135

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,787

Total Expenses

$2,293

Mortgage P&I

87%

$1,554

Property Taxes

9%

$164

Home Insurance

6%

$111

HOA

0%

$0

Property Management

10%

$179

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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