REI Lense

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$2,547 (target)

1100 Jennifer Ln, Cherryville, NC 28021

3 beds • 2 baths • 1538 sqft

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This property looks like a bad Mid-Term investment with a projected -0.56% first-year return on $76,527 initial cash invested.

-0.56%

Cash On Cash

6.27%

Cap Rate

1.05

DSCR

$2,547

Rent

-$36

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,547 income − $2,583 expenses = $36 out of pocket

Income$2,547Out of Pocket$36Mortgage P&I$1,39155%Property Taxes$2279%Insurance$994%Management$30612%CapEx$1024%Vacancy$763%Maintenance$1024%Other$28011%

Investment Breakdown

|

Purchase Price

$279k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,527

Downpayment

20%

$55,740

Closing costs

1%

$2,787

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,547

Total Expenses

$2,583

Mortgage P&I

55%

$1,391

Property Taxes

9%

$227

Home Insurance

4%

$99

HOA

0%

$0

Property Management

12%

$306

CapEx

4%

$102

Vacancy

3%

$76

Maintenance

4%

$102

Other

11%

$280

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