REI Lense

REI Lense

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$1,258 (target)

144 Ginger Ln, Mooresville, NC 28115

3 beds • 2 baths • 1903 sqft

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This property looks like a bad Long-Term investment with a projected -17.08% first-year return on $59,514 initial cash invested.

-17.08%

Cash On Cash

3.43%

Cap Rate

0.51

DSCR

$1,258

Rent

-$847

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,258 income − $2,105 expenses = $847 out of pocket

Income$1,258Out of Pocket$847Mortgage P&I$1,594127%Property Taxes$827%Insurance$1028%Management$12610%CapEx$635%Vacancy$756%Maintenance$635%

Investment Breakdown

|

Purchase Price

$283k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,514

Downpayment

20%

$56,680

Closing costs

1%

$2,834

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,258

Total Expenses

$2,105

Mortgage P&I

127%

$1,594

Property Taxes

7%

$82

Home Insurance

8%

$102

HOA

0%

$0

Property Management

10%

$126

CapEx

5%

$63

Vacancy

6%

$75

Maintenance

5%

$63

Other

0%

$0

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