REI Lense

REI Lense

Unlock all features! Tap here to upgrade

1100 Legacy Lake Dr, Monroe, NC 28110

3 beds • 2 baths • 1984 sqft

Email

This property looks like a bad Airbnb investment with a projected -14.28% first-year return on $124k initial cash invested.

-14.28%

Cash On Cash

2.71%

Cap Rate

0.46

DSCR

$2,961

Rent

-$1,477

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,961 income − $4,438 expenses = $1,477 out of pocket

Income$2,961Out of Pocket$1,477Mortgage P&I$2,49884%Property Taxes$32911%Insurance$1916%Management$44415%CapEx$1184%Maintenance$1184%Other$74025%

Investment Breakdown

|

Purchase Price

$505k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$101k

Closing costs

1%

$5,052

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,961

Total Expenses

$4,438

Mortgage P&I

84%

$2,498

Property Taxes

11%

$329

Home Insurance

6%

$191

HOA

0%

$0

Property Management

15%

$444

CapEx

4%

$118

Vacancy

0%

$0

Maintenance

4%

$118

Other

25%

$740

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis