REI Lense

REI Lense

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$1,515 (target)

1005 Forest Park Dr, Statesville, NC 28677

3 beds • 2 baths • 1401 sqft

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This property looks like a bad Long-Term investment with a projected -10.44% first-year return on $57,225 initial cash invested.

-10.44%

Cash On Cash

4.13%

Cap Rate

0.69

DSCR

$1,515

Rent

-$498

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,515 income − $2,013 expenses = $498 out of pocket

Income$1,515Out of Pocket$498Mortgage P&I$1,36090%Property Taxes$16311%Insurance$956%Management$15210%CapEx$765%Vacancy$916%Maintenance$765%

Investment Breakdown

|

Purchase Price

$273k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,225

Downpayment

20%

$54,500

Closing costs

1%

$2,725

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,515

Total Expenses

$2,013

Mortgage P&I

90%

$1,360

Property Taxes

11%

$163

Home Insurance

6%

$95

HOA

0%

$0

Property Management

10%

$152

CapEx

5%

$76

Vacancy

6%

$91

Maintenance

5%

$76

Other

0%

$0

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