REI Lense

REI Lense

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$3,987 (target)

127 Cattail Rd, Lake Lure, NC 28746

3 beds • 3 baths • 2976 sqft

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This property looks like a bad Long-Term investment with a projected -18.97% first-year return on $174k initial cash invested.

-18.97%

Cash On Cash

2.85%

Cap Rate

0.44

DSCR

$3,987

Rent

-$2,745

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,987 income − $6,732 expenses = $2,745 out of pocket

Income$3,987Out of Pocket$2,745Mortgage P&I$4,507113%Property Taxes$47112%Insurance$3048%HOA$41410%Management$39910%CapEx$1995%Vacancy$2396%Maintenance$1995%

Investment Breakdown

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Purchase Price

$827k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$174k

Downpayment

20%

$165k

Closing costs

1%

$8,269

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,987

Total Expenses

$6,732

Mortgage P&I

113%

$4,507

Property Taxes

12%

$471

Home Insurance

8%

$304

HOA

10%

$414

Property Management

10%

$399

CapEx

5%

$199

Vacancy

6%

$239

Maintenance

5%

$199

Other

0%

$0

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