REI Lense

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$1,623 (target)

121 Elfreth Ln, Spring Lake, NC 28390

3 beds • 2 baths • 1448 sqft

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This property looks like a bad Long-Term investment with a projected -10.42% first-year return on $47,796 initial cash invested.

-10.42%

Cash On Cash

4.96%

Cap Rate

0.74

DSCR

$1,623

Rent

-$415

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,623 income − $2,038 expenses = $415 out of pocket

Income$1,623Out of Pocket$415Mortgage P&I$1,27579%Property Taxes$26216%Insurance$805%Management$16210%CapEx$815%Vacancy$976%Maintenance$815%

Investment Breakdown

|

Purchase Price

$228k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,796

Downpayment

20%

$45,520

Closing costs

1%

$2,276

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,623

Total Expenses

$2,038

Mortgage P&I

79%

$1,275

Property Taxes

16%

$262

Home Insurance

5%

$80

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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