REI Lense

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$3,414 (target)

111 Houpe Ridge Ln, Statesville, NC 28625

3 beds • 3 baths • 2536 sqft

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This property looks like a bad Mid-Term investment with a projected -7.42% first-year return on $141k initial cash invested.

-7.42%

Cash On Cash

4.39%

Cap Rate

0.74

DSCR

$3,414

Rent

-$871

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,414 income − $4,285 expenses = $871 out of pocket

Income$3,414Out of Pocket$871Mortgage P&I$2,87384%Property Taxes$201%Insurance$2056%HOA$251%Management$41012%CapEx$1374%Vacancy$1023%Maintenance$1374%Other$37611%

Investment Breakdown

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Purchase Price

$585k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$141k

Downpayment

20%

$117k

Closing costs

1%

$5,850

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,414

Total Expenses

$4,285

Mortgage P&I

84%

$2,873

Property Taxes

1%

$20

Home Insurance

6%

$205

HOA

1%

$25

Property Management

12%

$410

CapEx

4%

$137

Vacancy

3%

$102

Maintenance

4%

$137

Other

11%

$376

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