REI Lense

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$1,906 (target)

115 Church St, Burnsville, NC 28714

3 beds • 2 baths • 1280 sqft

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This property might be a fair Long-Term investment with a projected 3.91% first-year return on $45,150 initial cash invested.

3.91%

Cash On Cash

7.66%

Cap Rate

1.21

DSCR

$1,906

Rent

$147

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,906 income − $1,759 expenses = $147 cash flow

Income$1,906Mortgage P&I$1,13059%Property Taxes$593%Insurance$754%Management$19110%CapEx$955%Vacancy$1146%Maintenance$955%Cash Flow$147

Investment Breakdown

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Purchase Price

$215k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,150

Downpayment

20%

$43,000

Closing costs

1%

$2,150

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,906

Total Expenses

$1,759

Mortgage P&I

59%

$1,130

Property Taxes

3%

$59

Home Insurance

4%

$75

HOA

0%

$0

Property Management

10%

$191

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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