REI Lense

REI Lense

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$3,390 (target)

116 Ivy Rd, Mills River, NC 28759

3 beds • 4 baths • 3086 sqft

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This property looks like a bad Long-Term investment with a projected -16.93% first-year return on $156k initial cash invested.

-16.93%

Cash On Cash

3.15%

Cap Rate

0.49

DSCR

$3,390

Rent

-$2,204

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,390 income − $5,594 expenses = $2,204 out of pocket

Income$3,390Out of Pocket$2,204Mortgage P&I$3,988118%Property Taxes$2427%Insurance$2688%HOA$2146%Management$33910%CapEx$1705%Vacancy$2036%Maintenance$1705%

Investment Breakdown

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Purchase Price

$744k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$156k

Downpayment

20%

$149k

Closing costs

1%

$7,438

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,390

Total Expenses

$5,594

Mortgage P&I

118%

$3,988

Property Taxes

7%

$242

Home Insurance

8%

$268

HOA

6%

$214

Property Management

10%

$339

CapEx

5%

$170

Vacancy

6%

$203

Maintenance

5%

$170

Other

0%

$0

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