REI Lense

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$2,224 (target)

117 Penicillin Point, Troutman, NC 28166

3 beds • 3 baths • 2248 sqft

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This property looks like a bad Long-Term investment with a projected -15.62% first-year return on $111k initial cash invested.

-15.62%

Cash On Cash

3.03%

Cap Rate

0.5

DSCR

$2,224

Rent

-$1,451

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,224 income − $3,675 expenses = $1,451 out of pocket

Income$2,224Out of Pocket$1,451Mortgage P&I$2,679120%Property Taxes$22710%Insurance$1929%Management$22210%CapEx$1115%Vacancy$1336%Maintenance$1115%

Investment Breakdown

|

Purchase Price

$531k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$106k

Closing costs

1%

$5,308

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,224

Total Expenses

$3,675

Mortgage P&I

120%

$2,679

Property Taxes

10%

$227

Home Insurance

9%

$192

HOA

0%

$0

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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