REI Lense

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$1,868 (target)

1609 Museum Rd, Statesville, NC 28625

3 beds • 2 baths • 1800 sqft

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This property looks like a bad Long-Term investment with a projected -8.81% first-year return on $61,425 initial cash invested.

-8.81%

Cash On Cash

5.04%

Cap Rate

0.77

DSCR

$1,868

Rent

-$451

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,868 income − $2,319 expenses = $451 out of pocket

Income$1,868Out of Pocket$451Mortgage P&I$1,58685%Property Taxes$1468%Insurance$1025%Management$18710%CapEx$935%Vacancy$1126%Maintenance$935%

Investment Breakdown

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Purchase Price

$293k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,425

Downpayment

20%

$58,500

Closing costs

1%

$2,925

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,868

Total Expenses

$2,319

Mortgage P&I

85%

$1,586

Property Taxes

8%

$146

Home Insurance

5%

$102

HOA

0%

$0

Property Management

10%

$187

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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