REI Lense

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$2,389 (target)

163 Sherry St, Rutherfordton, NC 28139

3 beds • 3 baths • 1863 sqft

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This property looks like a bad Long-Term investment with a projected -5.61% first-year return on $73,185 initial cash invested.

-5.61%

Cash On Cash

5.4%

Cap Rate

0.88

DSCR

$2,389

Rent

-$342

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,389 income − $2,731 expenses = $342 out of pocket

Income$2,389Out of Pocket$342Mortgage P&I$1,79075%Property Taxes$1958%Insurance$1265%Management$23910%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

|

Purchase Price

$349k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,185

Downpayment

20%

$69,700

Closing costs

1%

$3,485

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,389

Total Expenses

$2,731

Mortgage P&I

75%

$1,790

Property Taxes

8%

$195

Home Insurance

5%

$126

HOA

0%

$0

Property Management

10%

$239

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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