REI Lense

REI Lense

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$1,587 (target)

924 Independence Ave, Florence, SC 29501

3 beds • 2 baths • 1718 sqft

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This property looks like a bad Long-Term investment with a projected -5.43% first-year return on $49,266 initial cash invested.

-5.43%

Cash On Cash

5.53%

Cap Rate

0.88

DSCR

$1,587

Rent

-$223

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,587 income − $1,810 expenses = $223 out of pocket

Income$1,587Out of Pocket$223Mortgage P&I$1,22577%Property Taxes$896%Insurance$845%Management$15910%CapEx$795%Vacancy$956%Maintenance$795%

Investment Breakdown

|

Purchase Price

$235k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,266

Downpayment

20%

$46,920

Closing costs

1%

$2,346

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,587

Total Expenses

$1,810

Mortgage P&I

77%

$1,225

Property Taxes

6%

$89

Home Insurance

5%

$84

HOA

0%

$0

Property Management

10%

$159

CapEx

5%

$79

Vacancy

6%

$95

Maintenance

5%

$79

Other

0%

$0

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