REI Lense

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$1,889 (target)

158 W Meadowview Dr, Statesville, NC 28625

3 beds • 3 baths • 1985 sqft

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This property looks like a bad Long-Term investment with a projected -10.58% first-year return on $77,700 initial cash invested.

-10.58%

Cash On Cash

4.09%

Cap Rate

0.68

DSCR

$1,889

Rent

-$685

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,889 income − $2,574 expenses = $685 out of pocket

Income$1,889Out of Pocket$685Mortgage P&I$1,85298%Property Taxes$1025%Insurance$1307%Management$18910%CapEx$945%Vacancy$1136%Maintenance$945%

Investment Breakdown

|

Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,700

Downpayment

20%

$74,000

Closing costs

1%

$3,700

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,889

Total Expenses

$2,574

Mortgage P&I

98%

$1,852

Property Taxes

5%

$102

Home Insurance

7%

$130

HOA

0%

$0

Property Management

10%

$189

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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