REI Lense

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$2,211 (target)

1003 Pete McCoy Rd, Franklin, NC 28734

3 beds • 2 baths • sqft

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This property looks like a bad Long-Term investment with a projected -9.7% first-year return on $86,625 initial cash invested.

-9.7%

Cash On Cash

4.31%

Cap Rate

0.72

DSCR

$2,211

Rent

-$700

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,211 income − $2,911 expenses = $700 out of pocket

Income$2,211Out of Pocket$700Mortgage P&I$2,06994%Property Taxes$1125%Insurance$1547%Management$22110%CapEx$1115%Vacancy$1336%Maintenance$1115%

Investment Breakdown

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Purchase Price

$413k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,625

Downpayment

20%

$82,500

Closing costs

1%

$4,125

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,211

Total Expenses

$2,911

Mortgage P&I

94%

$2,069

Property Taxes

5%

$112

Home Insurance

7%

$154

HOA

0%

$0

Property Management

10%

$221

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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