REI Lense

REI Lense

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$2,282 (target)

11 Eagle Pointe Way, Flat Rock, NC 28731

3 beds • 2 baths • 1669 sqft

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This property looks like a bad Long-Term investment with a projected -10.09% first-year return on $87,780 initial cash invested.

-10.09%

Cash On Cash

4.19%

Cap Rate

0.7

DSCR

$2,282

Rent

-$738

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,282 income − $3,020 expenses = $738 out of pocket

Income$2,282Out of Pocket$738Mortgage P&I$2,08491%Property Taxes$1949%Insurance$1497%Management$22810%CapEx$1145%Vacancy$1376%Maintenance$1145%

Investment Breakdown

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Purchase Price

$418k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,780

Downpayment

20%

$83,600

Closing costs

1%

$4,180

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,282

Total Expenses

$3,020

Mortgage P&I

91%

$2,084

Property Taxes

9%

$194

Home Insurance

7%

$149

HOA

0%

$0

Property Management

10%

$228

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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