REI Lense

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$2,763 (target)

130 Portman Ln, Statesville, NC 28625

3 beds • 2 baths • 1677 sqft

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This property looks like a bad Mid-Term investment with a projected -5.37% first-year return on $91,395 initial cash invested.

-5.37%

Cash On Cash

5.66%

Cap Rate

0.85

DSCR

$2,763

Rent

-$409

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,763 income − $3,172 expenses = $409 out of pocket

Income$2,763Out of Pocket$409Mortgage P&I$1,94770%Property Taxes$1465%Insurance$1385%Management$33212%CapEx$1114%Vacancy$833%Maintenance$1114%Other$30411%

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,395

Downpayment

20%

$69,900

Closing costs

1%

$3,495

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,763

Total Expenses

$3,172

Mortgage P&I

70%

$1,947

Property Taxes

5%

$146

Home Insurance

5%

$138

HOA

0%

$0

Property Management

12%

$332

CapEx

4%

$111

Vacancy

3%

$83

Maintenance

4%

$111

Other

11%

$304

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