REI Lense

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$3,028 (target)

1121 Old Greensboro Rd, Thomasville, NC 27360

3 beds • 3 baths • 2251 sqft

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This property looks like a bad Mid-Term investment with a projected -5.23% first-year return on $101k initial cash invested.

-5.23%

Cash On Cash

5.65%

Cap Rate

0.85

DSCR

$3,028

Rent

-$440

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,028 income − $3,468 expenses = $440 out of pocket

Income$3,028Out of Pocket$440Mortgage P&I$2,18072%Property Taxes$1214%Insurance$1385%Management$36312%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33311%

Investment Breakdown

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Purchase Price

$395k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$79,000

Closing costs

1%

$3,950

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,028

Total Expenses

$3,468

Mortgage P&I

72%

$2,180

Property Taxes

4%

$121

Home Insurance

5%

$138

HOA

0%

$0

Property Management

12%

$363

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$333

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