REI Lense

REI Lense

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$2,805 (target)

10 Chestnut Top Cir, Mills River, NC 28759

3 beds • 3 baths • 2642 sqft

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This property looks like a bad Long-Term investment with a projected -14.29% first-year return on $132k initial cash invested.

-14.29%

Cash On Cash

3.19%

Cap Rate

0.54

DSCR

$2,805

Rent

-$1,567

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,805 income − $4,372 expenses = $1,567 out of pocket

Income$2,805Out of Pocket$1,567Mortgage P&I$3,091110%Property Taxes$1887%Insurance$27110%HOA$943%Management$28010%CapEx$1405%Vacancy$1686%Maintenance$1405%

Investment Breakdown

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Purchase Price

$626k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$132k

Downpayment

20%

$125k

Closing costs

1%

$6,264

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,805

Total Expenses

$4,372

Mortgage P&I

110%

$3,091

Property Taxes

7%

$188

Home Insurance

10%

$271

HOA

3%

$94

Property Management

10%

$280

CapEx

5%

$140

Vacancy

6%

$168

Maintenance

5%

$140

Other

0%

$0

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