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$2,016 (target)

1697 Denver Ct, Lenoir, NC 28645

3 beds • 2 baths • 960 sqft

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This property looks like a bad Mid-Term investment with a projected -0.37% first-year return on $65,229 initial cash invested.

-0.37%

Cash On Cash

6.57%

Cap Rate

1.05

DSCR

$2,016

Rent

-$20

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,016 income − $2,036 expenses = $20 out of pocket

Income$2,016Out of Pocket$20Mortgage P&I$1,17158%Property Taxes$1005%Insurance$794%Management$24212%CapEx$814%Vacancy$603%Maintenance$814%Other$22211%

Investment Breakdown

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Purchase Price

$225k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,229

Downpayment

20%

$44,980

Closing costs

1%

$2,249

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,016

Total Expenses

$2,036

Mortgage P&I

58%

$1,171

Property Taxes

5%

$100

Home Insurance

4%

$79

HOA

0%

$0

Property Management

12%

$242

CapEx

4%

$81

Vacancy

3%

$60

Maintenance

4%

$81

Other

11%

$222

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