REI Lense

REI Lense

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$3,219 (target)

14 New Bishop Ln, Fletcher, NC 28732

3 beds • 3 baths • 2407 sqft

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This property looks like a bad Long-Term investment with a projected -10.52% first-year return on $129k initial cash invested.

-10.52%

Cash On Cash

4.09%

Cap Rate

0.68

DSCR

$3,219

Rent

-$1,129

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,219 income − $4,348 expenses = $1,129 out of pocket

Income$3,219Out of Pocket$1,129Mortgage P&I$3,05995%Property Taxes$2337%Insurance$2197%Management$32210%CapEx$1615%Vacancy$1936%Maintenance$1615%

Investment Breakdown

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Purchase Price

$613k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$129k

Downpayment

20%

$123k

Closing costs

1%

$6,132

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,219

Total Expenses

$4,348

Mortgage P&I

95%

$3,059

Property Taxes

7%

$233

Home Insurance

7%

$219

HOA

0%

$0

Property Management

10%

$322

CapEx

5%

$161

Vacancy

6%

$193

Maintenance

5%

$161

Other

0%

$0

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