REI Lense

REI Lense

$2,626 (target)

1677 Allen Ln, Conover, NC 28613

3 beds • 2 baths • 1353 sqft

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This property might be a fair Mid-Term investment with a projected 0.14% first-year return on $76,296 initial cash invested.

0.14%

Cash On Cash

7.06%

Cap Rate

1.08

DSCR

$2,626

Rent

$9

Cashflow

Cash Flow

$2,626 income − $2,617 expenses = $9 cash flow

Income$2,626P&I$1,52058%Taxes$994%Insurance$1054%Mgmt$31512%CapEx$1054%Vacancy$793%Maint.$1054%Other$28911%Cash Flow$9

Investment Breakdown

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Purchase Price

$278k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,296

Downpayment

20%

$55,520

Closing costs

1%

$2,776

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,626

Total Expenses

$2,617

Mortgage P&I

58%

$1,520

Property Taxes

4%

$99

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$315

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$289

See Conover, NC mid-term rental market →

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