REI Lense

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$2,177 (target)

1514 Clarence Secrest Rd, Monroe, NC 28110

3 beds • 2 baths • 1676 sqft

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This property looks like a bad Long-Term investment with a projected -15.67% first-year return on $121k initial cash invested.

-15.67%

Cash On Cash

2.85%

Cap Rate

0.48

DSCR

$2,177

Rent

-$1,577

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,177 income − $3,754 expenses = $1,577 out of pocket

Income$2,177Out of Pocket$1,577Mortgage P&I$2,835130%Property Taxes$1517%Insurance$2019%Management$21810%CapEx$1095%Vacancy$1316%Maintenance$1095%

Investment Breakdown

|

Purchase Price

$575k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$115k

Closing costs

1%

$5,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,177

Total Expenses

$3,754

Mortgage P&I

130%

$2,835

Property Taxes

7%

$151

Home Insurance

9%

$201

HOA

0%

$0

Property Management

10%

$218

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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