REI Lense

REI Lense

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$2,534 (target)

1100 Legacy Lake Dr, Monroe, NC 28110

3 beds • 2 baths • 1984 sqft

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This property looks like a bad Long-Term investment with a projected -12.93% first-year return on $106k initial cash invested.

-12.93%

Cash On Cash

3.52%

Cap Rate

0.59

DSCR

$2,534

Rent

-$1,143

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,534 income − $3,677 expenses = $1,143 out of pocket

Income$2,534Out of Pocket$1,143Mortgage P&I$2,49899%Property Taxes$32913%Insurance$1918%Management$25310%CapEx$1275%Vacancy$1526%Maintenance$1275%

Investment Breakdown

|

Purchase Price

$505k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$101k

Closing costs

1%

$5,052

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,534

Total Expenses

$3,677

Mortgage P&I

99%

$2,498

Property Taxes

13%

$329

Home Insurance

8%

$191

HOA

0%

$0

Property Management

10%

$253

CapEx

5%

$127

Vacancy

6%

$152

Maintenance

5%

$127

Other

0%

$0

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