REI Lense

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$5,335 (target)

1185 Black Bear Dr, Mars Hill, NC 28754

3 beds • 3 baths • 4616 sqft

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This property looks like a bad Long-Term investment with a projected -7.05% first-year return on $173k initial cash invested.

-7.05%

Cash On Cash

4.99%

Cap Rate

0.82

DSCR

$5,335

Rent

-$1,018

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,335 income − $6,353 expenses = $1,018 out of pocket

Income$5,335Out of Pocket$1,018Mortgage P&I$4,18578%Property Taxes$3446%Insurance$2895%HOA$1473%Management$53410%CapEx$2675%Vacancy$3206%Maintenance$2675%

Investment Breakdown

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Purchase Price

$825k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$173k

Downpayment

20%

$165k

Closing costs

1%

$8,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$5,335

Total Expenses

$6,353

Mortgage P&I

78%

$4,185

Property Taxes

6%

$344

Home Insurance

5%

$289

HOA

3%

$147

Property Management

10%

$534

CapEx

5%

$267

Vacancy

6%

$320

Maintenance

5%

$267

Other

0%

$0

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