REI Lense

REI Lense

$1,572 (target)

104 Terrace Dr, Cherryville, NC 28021

3 beds • 2 baths • 1460 sqft

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This property looks like a bad Long-Term investment with a projected -12.29% first-year return on $54,201 initial cash invested.

-12.29%

Cash On Cash

4.41%

Cap Rate

0.67

DSCR

$1,572

Rent

-$555

Cashflow

Cash Flow

$1,572 income − $2,127 expenses = $555 out of pocket

Income$1,572Out ofPocket$555P&I$1,42491%Taxes$20113%Insurance$936%Mgmt$15710%CapEx$795%Vacancy$946%Maint.$795%

Investment Breakdown

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Purchase Price

$258k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,201

Downpayment

20%

$51,620

Closing costs

1%

$2,581

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,572

Total Expenses

$2,127

Mortgage P&I

91%

$1,424

Property Taxes

13%

$201

Home Insurance

6%

$93

HOA

0%

$0

Property Management

10%

$157

CapEx

5%

$79

Vacancy

6%

$94

Maintenance

5%

$79

Other

0%

$0

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