REI Lense

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$2,135 (target)

17 High Ridge Ct, Willow Spring, NC 27592

3 beds • 3 baths • 2545 sqft

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This property looks like a bad Long-Term investment with a projected -14.07% first-year return on $89,901 initial cash invested.

-14.07%

Cash On Cash

3.54%

Cap Rate

0.57

DSCR

$2,135

Rent

-$1,054

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,135 income − $3,189 expenses = $1,054 out of pocket

Income$2,135Out of Pocket$1,054Mortgage P&I$2,209103%Property Taxes$23511%Insurance$1648%HOA$251%Management$21410%CapEx$1075%Vacancy$1286%Maintenance$1075%

Investment Breakdown

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Purchase Price

$428k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,901

Downpayment

20%

$85,620

Closing costs

1%

$4,281

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,135

Total Expenses

$3,189

Mortgage P&I

103%

$2,209

Property Taxes

11%

$235

Home Insurance

8%

$164

HOA

1%

$25

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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