REI Lense

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$2,264 (target)

115 Water Leaf Dr, Weaverville, NC 28787

3 beds • 3 baths • 1343 sqft

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This property looks like a bad Long-Term investment with a projected -11.4% first-year return on $89,985 initial cash invested.

-11.4%

Cash On Cash

3.92%

Cap Rate

0.65

DSCR

$2,264

Rent

-$855

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,264 income − $3,119 expenses = $855 out of pocket

Income$2,264Out of Pocket$855Mortgage P&I$2,14295%Property Taxes$2039%Insurance$1537%HOA$331%Management$22610%CapEx$1135%Vacancy$1366%Maintenance$1135%

Investment Breakdown

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Purchase Price

$429k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,985

Downpayment

20%

$85,700

Closing costs

1%

$4,285

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,264

Total Expenses

$3,119

Mortgage P&I

95%

$2,142

Property Taxes

9%

$203

Home Insurance

7%

$153

HOA

1%

$33

Property Management

10%

$226

CapEx

5%

$113

Vacancy

6%

$136

Maintenance

5%

$113

Other

0%

$0

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