REI Lense

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$2,239 (target)

988 Pleasant Ridge Rd #23, Fort Mill, SC 29715

3 beds • 2 baths • 1577 sqft

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This property looks like a bad Long-Term investment with a projected -11.74% first-year return on $93,933 initial cash invested.

-11.74%

Cash On Cash

3.81%

Cap Rate

0.64

DSCR

$2,239

Rent

-$919

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,239 income − $3,158 expenses = $919 out of pocket

Income$2,239Out of Pocket$919Mortgage P&I$2,228100%Property Taxes$1949%Insurance$1547%Management$22410%CapEx$1125%Vacancy$1346%Maintenance$1125%

Investment Breakdown

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Purchase Price

$447k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,933

Downpayment

20%

$89,460

Closing costs

1%

$4,473

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,239

Total Expenses

$3,158

Mortgage P&I

100%

$2,228

Property Taxes

9%

$194

Home Insurance

7%

$154

HOA

0%

$0

Property Management

10%

$224

CapEx

5%

$112

Vacancy

6%

$134

Maintenance

5%

$112

Other

0%

$0

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