REI Lense

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$2,090 (target)

1005 Smith Creek Rd, Mars Hill, NC 28754

3 beds • 2 baths • 2197 sqft

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This property looks like a bad Long-Term investment with a projected -18.74% first-year return on $131k initial cash invested.

-18.74%

Cash On Cash

2.25%

Cap Rate

0.38

DSCR

$2,090

Rent

-$2,050

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,090 income − $4,140 expenses = $2,050 out of pocket

Income$2,090Out of Pocket$2,050Mortgage P&I$3,119149%Property Taxes$26012%Insurance$21910%Management$20910%CapEx$1045%Vacancy$1256%Maintenance$1045%

Investment Breakdown

|

Purchase Price

$625k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$125k

Closing costs

1%

$6,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,090

Total Expenses

$4,140

Mortgage P&I

149%

$3,119

Property Taxes

12%

$260

Home Insurance

10%

$219

HOA

0%

$0

Property Management

10%

$209

CapEx

5%

$104

Vacancy

6%

$125

Maintenance

5%

$104

Other

0%

$0

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