REI Lense

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$5,186 (target)

10 Chestnut Ridge Rd, Mills River, NC 28759

3 beds • 4 baths • 3672 sqft

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This property looks like a bad Mid-Term investment with a projected -2.2% first-year return on $152k initial cash invested.

-2.2%

Cash On Cash

5.84%

Cap Rate

0.98

DSCR

$5,186

Rent

-$279

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,186 income − $5,465 expenses = $279 out of pocket

Income$5,186Out of Pocket$279Mortgage P&I$3,18361%Property Taxes$1984%Insurance$2284%HOA$942%Management$62212%CapEx$2074%Vacancy$1563%Maintenance$2074%Other$57011%

Investment Breakdown

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Purchase Price

$639k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$152k

Downpayment

20%

$128k

Closing costs

1%

$6,390

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,186

Total Expenses

$5,465

Mortgage P&I

61%

$3,183

Property Taxes

4%

$198

Home Insurance

4%

$228

HOA

2%

$94

Property Management

12%

$622

CapEx

4%

$207

Vacancy

3%

$156

Maintenance

4%

$207

Other

11%

$570

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