REI Lense

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$2,031 (target)

18 Tarragon Pl, Flat Rock, NC 28731

3 beds • 3 baths • 1675 sqft

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This property looks like a bad Long-Term investment with a projected -12.16% first-year return on $89,796 initial cash invested.

-12.16%

Cash On Cash

3.58%

Cap Rate

0.61

DSCR

$2,031

Rent

-$910

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,031 income − $2,941 expenses = $910 out of pocket

Income$2,031Out of Pocket$910Mortgage P&I$2,084103%Property Taxes$1467%Insurance$1527%HOA$301%Management$20310%CapEx$1025%Vacancy$1226%Maintenance$1025%

Investment Breakdown

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Purchase Price

$428k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,796

Downpayment

20%

$85,520

Closing costs

1%

$4,276

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,031

Total Expenses

$2,941

Mortgage P&I

103%

$2,084

Property Taxes

7%

$146

Home Insurance

7%

$152

HOA

1%

$30

Property Management

10%

$203

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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