REI Lense

REI Lense

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$2,127 (target)

1308 Salem Rd, Morganton, NC 28655

3 beds • 2 baths • 1971 sqft

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This property looks like a bad Long-Term investment with a projected -6.03% first-year return on $69,300 initial cash invested.

-6.03%

Cash On Cash

5.28%

Cap Rate

0.86

DSCR

$2,127

Rent

-$348

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,127 income − $2,475 expenses = $348 out of pocket

Income$2,127Out of Pocket$348Mortgage P&I$1,69480%Property Taxes$1125%Insurance$1165%Management$21310%CapEx$1065%Vacancy$1286%Maintenance$1065%

Investment Breakdown

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Purchase Price

$330k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,300

Downpayment

20%

$66,000

Closing costs

1%

$3,300

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,127

Total Expenses

$2,475

Mortgage P&I

80%

$1,694

Property Taxes

5%

$112

Home Insurance

5%

$116

HOA

0%

$0

Property Management

10%

$213

CapEx

5%

$106

Vacancy

6%

$128

Maintenance

5%

$106

Other

0%

$0

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