REI Lense

REI Lense

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$1,878 (target)

1419 Parkside Dr, Monroe, NC 28110

3 beds • 2 baths • 1318 sqft

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This property looks like a bad Long-Term investment with a projected -11% first-year return on $74,172 initial cash invested.

-11%

Cash On Cash

4.16%

Cap Rate

0.68

DSCR

$1,878

Rent

-$680

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,878 income − $2,558 expenses = $680 out of pocket

Income$1,878Out of Pocket$680Mortgage P&I$1,81196%Property Taxes$1327%Insurance$1267%Management$18810%CapEx$945%Vacancy$1136%Maintenance$945%

Investment Breakdown

|

Purchase Price

$353k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,172

Downpayment

20%

$70,640

Closing costs

1%

$3,532

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,878

Total Expenses

$2,558

Mortgage P&I

96%

$1,811

Property Taxes

7%

$132

Home Insurance

7%

$126

HOA

0%

$0

Property Management

10%

$188

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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