REI Lense

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$2,936 (target)

118 Palmer Dr, Franklin, NC 28734

3 beds • 2 baths • 2047 sqft

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This property looks like a bad Mid-Term investment with a projected -6.5% first-year return on $104k initial cash invested.

-6.5%

Cash On Cash

5.12%

Cap Rate

0.8

DSCR

$2,936

Rent

-$564

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,936 income − $3,500 expenses = $564 out of pocket

Income$2,936Out of Pocket$564Mortgage P&I$2,19675%Property Taxes$1636%Insurance$1445%Management$35212%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32311%

Investment Breakdown

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Purchase Price

$410k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$82,000

Closing costs

1%

$4,100

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,936

Total Expenses

$3,500

Mortgage P&I

75%

$2,196

Property Taxes

6%

$163

Home Insurance

5%

$144

HOA

0%

$0

Property Management

12%

$352

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$323

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