REI Lense

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$2,019 (target)

1121 Old Greensboro Rd, Thomasville, NC 27360

3 beds • 3 baths • 2251 sqft

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This property looks like a bad Long-Term investment with a projected -13.67% first-year return on $82,950 initial cash invested.

-13.67%

Cash On Cash

4.06%

Cap Rate

0.61

DSCR

$2,019

Rent

-$945

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,019 income − $2,964 expenses = $945 out of pocket

Income$2,019Out of Pocket$945Mortgage P&I$2,180108%Property Taxes$1216%Insurance$1387%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

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Purchase Price

$395k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,950

Downpayment

20%

$79,000

Closing costs

1%

$3,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,019

Total Expenses

$2,964

Mortgage P&I

108%

$2,180

Property Taxes

6%

$121

Home Insurance

7%

$138

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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