REI Lense

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$3,102 (target)

152 Worley Cove Rd, Leicester, NC 28748

3 beds • 3 baths • 3376 sqft

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This property looks like a bad Long-Term investment with a projected -10.98% first-year return on $124k initial cash invested.

-10.98%

Cash On Cash

3.99%

Cap Rate

0.67

DSCR

$3,102

Rent

-$1,136

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,102 income − $4,238 expenses = $1,136 out of pocket

Income$3,102Out of Pocket$1,136Mortgage P&I$2,94895%Property Taxes$2568%Insurance$2287%Management$31010%CapEx$1555%Vacancy$1866%Maintenance$1555%

Investment Breakdown

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Purchase Price

$591k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$118k

Closing costs

1%

$5,911

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,102

Total Expenses

$4,238

Mortgage P&I

95%

$2,948

Property Taxes

8%

$256

Home Insurance

7%

$228

HOA

0%

$0

Property Management

10%

$310

CapEx

5%

$155

Vacancy

6%

$186

Maintenance

5%

$155

Other

0%

$0

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