REI Lense

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$1,675 (target)

1718 Woolie Rd, Lincolnton, NC 28092

3 beds • 2 baths • 1556 sqft

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This property looks like a bad Long-Term investment with a projected -11.75% first-year return on $67,326 initial cash invested.

-11.75%

Cash On Cash

4.01%

Cap Rate

0.65

DSCR

$1,675

Rent

-$659

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,675 income − $2,334 expenses = $659 out of pocket

Income$1,675Out of Pocket$659Mortgage P&I$1,64698%Property Taxes$1358%Insurance$1177%Management$16810%CapEx$845%Vacancy$1006%Maintenance$845%

Investment Breakdown

|

Purchase Price

$321k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,326

Downpayment

20%

$64,120

Closing costs

1%

$3,206

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,675

Total Expenses

$2,334

Mortgage P&I

98%

$1,646

Property Taxes

8%

$135

Home Insurance

7%

$117

HOA

0%

$0

Property Management

10%

$168

CapEx

5%

$84

Vacancy

6%

$100

Maintenance

5%

$84

Other

0%

$0

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