REI Lense

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$4,653 (target)

152 Worley Cove Rd, Leicester, NC 28748

3 beds • 3 baths • 3376 sqft

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This property looks like a bad Mid-Term investment with a projected -3.05% first-year return on $142k initial cash invested.

-3.05%

Cash On Cash

5.63%

Cap Rate

0.94

DSCR

$4,653

Rent

-$361

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,653 income − $5,014 expenses = $361 out of pocket

Income$4,653Out of Pocket$361Mortgage P&I$2,94863%Property Taxes$2566%Insurance$2285%Management$55812%CapEx$1864%Vacancy$1403%Maintenance$1864%Other$51211%

Investment Breakdown

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Purchase Price

$591k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$142k

Downpayment

20%

$118k

Closing costs

1%

$5,911

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,653

Total Expenses

$5,014

Mortgage P&I

63%

$2,948

Property Taxes

6%

$256

Home Insurance

5%

$228

HOA

0%

$0

Property Management

12%

$558

CapEx

4%

$186

Vacancy

3%

$140

Maintenance

4%

$186

Other

11%

$512

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