REI Lense

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$1,981 (target)

157 Wylie Trl, Statesville, NC 28677

3 beds • 2 baths • 1602 sqft

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This property looks like a bad Long-Term investment with a projected -10.55% first-year return on $71,400 initial cash invested.

-10.55%

Cash On Cash

4.28%

Cap Rate

0.7

DSCR

$1,981

Rent

-$628

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,981 income − $2,609 expenses = $628 out of pocket

Income$1,981Out of Pocket$628Mortgage P&I$1,74388%Property Taxes$1538%Insurance$1256%HOA$734%Management$19810%CapEx$995%Vacancy$1196%Maintenance$995%

Investment Breakdown

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Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,400

Downpayment

20%

$68,000

Closing costs

1%

$3,400

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,981

Total Expenses

$2,609

Mortgage P&I

88%

$1,743

Property Taxes

8%

$153

Home Insurance

6%

$125

HOA

4%

$73

Property Management

10%

$198

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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