REI Lense

REI Lense

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$1,684 (target)

1208 Forest Lake Heights Dr, Nebo, NC 28761

3 beds • 3 baths • 1707 sqft

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This property looks like a bad Long-Term investment with a projected -15.69% first-year return on $89,250 initial cash invested.

-15.69%

Cash On Cash

2.95%

Cap Rate

0.49

DSCR

$1,684

Rent

-$1,167

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,684 income − $2,851 expenses = $1,167 out of pocket

Income$1,684Out of Pocket$1,167Mortgage P&I$2,127126%Property Taxes$1157%Insurance$1499%HOA$231%Management$16810%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

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Purchase Price

$425k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,250

Downpayment

20%

$85,000

Closing costs

1%

$4,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,684

Total Expenses

$2,851

Mortgage P&I

126%

$2,127

Property Taxes

7%

$115

Home Insurance

9%

$149

HOA

1%

$23

Property Management

10%

$168

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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