REI Lense

REI Lense

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$2,726 (target)

187 Sheehan Rd, Fletcher, NC 28732

3 beds • 2 baths • 1720 sqft

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This property looks like a bad Long-Term investment with a projected -7.52% first-year return on $92,610 initial cash invested.

-7.52%

Cash On Cash

4.99%

Cap Rate

0.81

DSCR

$2,726

Rent

-$580

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,726 income − $3,306 expenses = $580 out of pocket

Income$2,726Out of Pocket$580Mortgage P&I$2,27984%Property Taxes$1666%Insurance$1526%Management$27310%CapEx$1365%Vacancy$1646%Maintenance$1365%

Investment Breakdown

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Purchase Price

$441k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,610

Downpayment

20%

$88,200

Closing costs

1%

$4,410

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,726

Total Expenses

$3,306

Mortgage P&I

84%

$2,279

Property Taxes

6%

$166

Home Insurance

6%

$152

HOA

0%

$0

Property Management

10%

$273

CapEx

5%

$136

Vacancy

6%

$164

Maintenance

5%

$136

Other

0%

$0

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