REI Lense

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$2,834 (target)

158 W Meadowview Dr, Statesville, NC 28625

3 beds • 3 baths • 1985 sqft

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This property looks like a bad Mid-Term investment with a projected -2.67% first-year return on $95,700 initial cash invested.

-2.67%

Cash On Cash

5.68%

Cap Rate

0.95

DSCR

$2,834

Rent

-$213

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,834 income − $3,047 expenses = $213 out of pocket

Income$2,834Out of Pocket$213Mortgage P&I$1,85265%Property Taxes$1024%Insurance$1305%Management$34012%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31211%

Investment Breakdown

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Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,700

Downpayment

20%

$74,000

Closing costs

1%

$3,700

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,834

Total Expenses

$3,047

Mortgage P&I

65%

$1,852

Property Taxes

4%

$102

Home Insurance

5%

$130

HOA

0%

$0

Property Management

12%

$340

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$312

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