REI Lense

REI Lense

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$1,725 (target)

183 Bevis Ln, Statesville, NC 28677

3 beds • 3 baths • 1758 sqft

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This property looks like a bad Long-Term investment with a projected -13.92% first-year return on $77,700 initial cash invested.

-13.92%

Cash On Cash

3.98%

Cap Rate

0.6

DSCR

$1,725

Rent

-$901

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,725 income − $2,626 expenses = $901 out of pocket

Income$1,725Out of Pocket$901Mortgage P&I$2,042118%Property Taxes$6Insurance$1308%Management$17210%CapEx$865%Vacancy$1046%Maintenance$865%

Investment Breakdown

|

Purchase Price

$370k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,700

Downpayment

20%

$74,000

Closing costs

1%

$3,700

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,725

Total Expenses

$2,626

Mortgage P&I

118%

$2,042

Property Taxes

0%

$6

Home Insurance

8%

$130

HOA

0%

$0

Property Management

10%

$172

CapEx

5%

$86

Vacancy

6%

$104

Maintenance

5%

$86

Other

0%

$0

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