REI Lense

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$2,380 (target)

924 Independence Ave, Florence, SC 29501

3 beds • 2 baths • 1718 sqft

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This property might be a fair Mid-Term investment with a projected 3.09% first-year return on $67,266 initial cash invested.

3.09%

Cash On Cash

7.64%

Cap Rate

1.22

DSCR

$2,380

Rent

$173

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,380 income − $2,207 expenses = $173 cash flow

Income$2,380Mortgage P&I$1,22551%Property Taxes$894%Insurance$844%Management$28612%CapEx$954%Vacancy$713%Maintenance$954%Other$26211%Cash Flow$173

Investment Breakdown

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Purchase Price

$235k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,266

Downpayment

20%

$46,920

Closing costs

1%

$2,346

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,380

Total Expenses

$2,207

Mortgage P&I

51%

$1,225

Property Taxes

4%

$89

Home Insurance

4%

$84

HOA

0%

$0

Property Management

12%

$286

CapEx

4%

$95

Vacancy

3%

$71

Maintenance

4%

$95

Other

11%

$262

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