REI Lense

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$1,580 (target)

148 Barium Ln, Statesville, NC 28677

3 beds • 2 baths • 2152 sqft

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This property looks like a bad Long-Term investment with a projected -11.71% first-year return on $68,166 initial cash invested.

-11.71%

Cash On Cash

3.82%

Cap Rate

0.64

DSCR

$1,580

Rent

-$665

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,580 income − $2,245 expenses = $665 out of pocket

Income$1,580Out of Pocket$665Mortgage P&I$1,620103%Property Taxes$956%Insurance$1198%Management$15810%CapEx$795%Vacancy$956%Maintenance$795%

Investment Breakdown

|

Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,166

Downpayment

20%

$64,920

Closing costs

1%

$3,246

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,580

Total Expenses

$2,245

Mortgage P&I

103%

$1,620

Property Taxes

6%

$95

Home Insurance

8%

$119

HOA

0%

$0

Property Management

10%

$158

CapEx

5%

$79

Vacancy

6%

$95

Maintenance

5%

$79

Other

0%

$0

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