REI Lense

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$2,782 (target)

1208 Spring Time Ct, Lenoir, NC 28645

3 beds • 2 baths • 1605 sqft

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This property looks like a bad Mid-Term investment with a projected -3.24% first-year return on $92,907 initial cash invested.

-3.24%

Cash On Cash

5.5%

Cap Rate

0.92

DSCR

$2,782

Rent

-$251

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,782 income − $3,033 expenses = $251 out of pocket

Income$2,782Out of Pocket$251Mortgage P&I$1,77664%Property Taxes$1676%Insurance$1285%HOA$171%Management$33412%CapEx$1114%Vacancy$833%Maintenance$1114%Other$30611%

Investment Breakdown

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Purchase Price

$357k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,907

Downpayment

20%

$71,340

Closing costs

1%

$3,567

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,782

Total Expenses

$3,033

Mortgage P&I

64%

$1,776

Property Taxes

6%

$167

Home Insurance

5%

$128

HOA

1%

$17

Property Management

12%

$334

CapEx

4%

$111

Vacancy

3%

$83

Maintenance

4%

$111

Other

11%

$306

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