REI Lense

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$3,202 (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 Mid-Term investment with a projected -5.77% first-year return on $108k initial cash invested.

-5.77%

Cash On Cash

5.1%

Cap Rate

0.82

DSCR

$3,202

Rent

-$519

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,202 income − $3,721 expenses = $519 out of pocket

Income$3,202Out of Pocket$519Mortgage P&I$2,20969%Property Taxes$2357%Insurance$1645%HOA$251%Management$38412%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35211%

Investment Breakdown

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Purchase Price

$428k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$85,620

Closing costs

1%

$4,281

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,202

Total Expenses

$3,721

Mortgage P&I

69%

$2,209

Property Taxes

7%

$235

Home Insurance

5%

$164

HOA

1%

$25

Property Management

12%

$384

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$352

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