REI Lense

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$5,085 (target)

116 Ivy Rd, Mills River, NC 28759

3 beds • 4 baths • 3086 sqft

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This property looks like a bad Mid-Term investment with a projected -9.33% first-year return on $174k initial cash invested.

-9.33%

Cash On Cash

4.58%

Cap Rate

0.71

DSCR

$5,085

Rent

-$1,355

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,085 income − $6,440 expenses = $1,355 out of pocket

Income$5,085Out of Pocket$1,355Mortgage P&I$3,98878%Property Taxes$2425%Insurance$2685%HOA$2144%Management$61012%CapEx$2034%Vacancy$1533%Maintenance$2034%Other$55911%

Investment Breakdown

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Purchase Price

$744k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$174k

Downpayment

20%

$149k

Closing costs

1%

$7,438

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,085

Total Expenses

$6,440

Mortgage P&I

78%

$3,988

Property Taxes

5%

$242

Home Insurance

5%

$268

HOA

4%

$214

Property Management

12%

$610

CapEx

4%

$203

Vacancy

3%

$153

Maintenance

4%

$203

Other

11%

$559

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