REI Lense

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$1,631 (target)

177 Lake Dr #2, Lexington, NC 27292

3 beds • 3 baths • 1568 sqft

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This property looks like a bad Long-Term investment with a projected -22.47% first-year return on $121k initial cash invested.

-22.47%

Cash On Cash

2.01%

Cap Rate

0.31

DSCR

$1,631

Rent

-$2,261

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,631 income − $3,892 expenses = $2,261 out of pocket

Income$1,631Out of Pocket$2,261Mortgage P&I$3,142193%Property Taxes$1248%Insurance$20112%Management$16310%CapEx$825%Vacancy$986%Maintenance$825%

Investment Breakdown

|

Purchase Price

$575k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$115k

Closing costs

1%

$5,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,631

Total Expenses

$3,892

Mortgage P&I

193%

$3,142

Property Taxes

8%

$124

Home Insurance

12%

$201

HOA

0%

$0

Property Management

10%

$163

CapEx

5%

$82

Vacancy

6%

$98

Maintenance

5%

$82

Other

0%

$0

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