REI Lense

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$1,783 (target)

170 Scotts Creek Rd, Statesville, NC 28625

3 beds • 2 baths • 1521 sqft

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This property looks like a bad Long-Term investment with a projected -6.86% first-year return on $60,207 initial cash invested.

-6.86%

Cash On Cash

4.94%

Cap Rate

0.82

DSCR

$1,783

Rent

-$344

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,783 income − $2,127 expenses = $344 out of pocket

Income$1,783Out of Pocket$344Mortgage P&I$1,43580%Property Taxes$1257%Insurance$1046%Management$17810%CapEx$895%Vacancy$1076%Maintenance$895%

Investment Breakdown

|

Purchase Price

$287k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,207

Downpayment

20%

$57,340

Closing costs

1%

$2,867

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,783

Total Expenses

$2,127

Mortgage P&I

80%

$1,435

Property Taxes

7%

$125

Home Insurance

6%

$104

HOA

0%

$0

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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