REI Lense

REI Lense

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$2,704 (target)

1496 Hardwood Cir, Newton, NC 28658

3 beds • 3 baths • 2175 sqft

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This property looks like a bad Mid-Term investment with a projected -7.84% first-year return on $114k initial cash invested.

-7.84%

Cash On Cash

4.18%

Cap Rate

0.71

DSCR

$2,704

Rent

-$747

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$459k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$91,800

Closing costs

1%

$4,590

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,704

Total Expenses

$3,451

Mortgage P&I

83%

$2,238

Property Taxes

5%

$134

Home Insurance

6%

$161

HOA

0%

$0

Property Management

12%

$324

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$297

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