REI Lense

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$1,519 (target)

109 Kincaid Hill Dr, Lenoir, NC 28645

3 beds • 3 baths • 2441 sqft

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This property looks like a bad Long-Term investment with a projected -14.91% first-year return on $77,679 initial cash invested.

-14.91%

Cash On Cash

3.11%

Cap Rate

0.52

DSCR

$1,519

Rent

-$965

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,519 income − $2,484 expenses = $965 out of pocket

Income$1,519Out of Pocket$965Mortgage P&I$1,849122%Property Taxes$1107%Insurance$1309%Management$15210%CapEx$765%Vacancy$916%Maintenance$765%

Investment Breakdown

|

Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,679

Downpayment

20%

$73,980

Closing costs

1%

$3,699

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,519

Total Expenses

$2,484

Mortgage P&I

122%

$1,849

Property Taxes

7%

$110

Home Insurance

9%

$130

HOA

0%

$0

Property Management

10%

$152

CapEx

5%

$76

Vacancy

6%

$91

Maintenance

5%

$76

Other

0%

$0

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