REI Lense

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$1,862 (target)

1614 Kenmore Dr, Statesville, NC 28625

3 beds • 2 baths • 1891 sqft

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This property looks like a bad Long-Term investment with a projected -12.38% first-year return on $81,795 initial cash invested.

-12.38%

Cash On Cash

3.7%

Cap Rate

0.62

DSCR

$1,862

Rent

-$844

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,862 income − $2,706 expenses = $844 out of pocket

Income$1,862Out of Pocket$844Mortgage P&I$1,953105%Property Taxes$1337%Insurance$1367%Management$18610%CapEx$935%Vacancy$1126%Maintenance$935%

Investment Breakdown

|

Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,795

Downpayment

20%

$77,900

Closing costs

1%

$3,895

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,862

Total Expenses

$2,706

Mortgage P&I

105%

$1,953

Property Taxes

7%

$133

Home Insurance

7%

$136

HOA

0%

$0

Property Management

10%

$186

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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