REI Lense

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$2,090 (target)

151 Garden Ln, Henderson, NC 27537

3 beds • 2 baths • 1652 sqft

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This property looks like a bad Mid-Term investment with a projected -11.6% first-year return on $102k initial cash invested.

-11.6%

Cash On Cash

3.44%

Cap Rate

0.56

DSCR

$2,090

Rent

-$984

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,090 income − $3,074 expenses = $984 out of pocket

Income$2,090Out of Pocket$984Mortgage P&I$2,04498%Property Taxes$1789%Insurance$1407%Management$25112%CapEx$844%Vacancy$633%Maintenance$844%Other$23011%

Investment Breakdown

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Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,800

Closing costs

1%

$3,990

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,090

Total Expenses

$3,074

Mortgage P&I

98%

$2,044

Property Taxes

9%

$178

Home Insurance

7%

$140

HOA

0%

$0

Property Management

12%

$251

CapEx

4%

$84

Vacancy

3%

$63

Maintenance

4%

$84

Other

11%

$230

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