REI Lense

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$1,987 (target)

140 Wylie Trl, Statesville, NC 28677

3 beds • 2 baths • 1709 sqft

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This property looks like a bad Long-Term investment with a projected -10.65% first-year return on $72,198 initial cash invested.

-10.65%

Cash On Cash

4.26%

Cap Rate

0.69

DSCR

$1,987

Rent

-$641

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,987 income − $2,628 expenses = $641 out of pocket

Income$1,987Out of Pocket$641Mortgage P&I$1,76389%Property Taxes$1568%Insurance$1266%HOA$673%Management$19910%CapEx$995%Vacancy$1196%Maintenance$995%

Investment Breakdown

|

Purchase Price

$344k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,198

Downpayment

20%

$68,760

Closing costs

1%

$3,438

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,987

Total Expenses

$2,628

Mortgage P&I

89%

$1,763

Property Taxes

8%

$156

Home Insurance

6%

$126

HOA

3%

$67

Property Management

10%

$199

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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