REI Lense

REI Lense

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$3,303 (target)

189 Cameron Ln, Lake Lure, NC 28746

3 beds • 3 baths • 2912 sqft

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This property looks like a bad Long-Term investment with a projected -16.54% first-year return on $147k initial cash invested.

-16.54%

Cash On Cash

2.69%

Cap Rate

0.46

DSCR

$3,303

Rent

-$2,030

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,303 income − $5,333 expenses = $2,030 out of pocket

Income$3,303Out of Pocket$2,030Mortgage P&I$3,437104%Property Taxes$37911%Insurance$2457%HOA$41413%Management$33010%CapEx$1655%Vacancy$1986%Maintenance$1655%

Investment Breakdown

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Purchase Price

$702k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$147k

Downpayment

20%

$140k

Closing costs

1%

$7,015

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,303

Total Expenses

$5,333

Mortgage P&I

104%

$3,437

Property Taxes

11%

$379

Home Insurance

7%

$245

HOA

13%

$414

Property Management

10%

$330

CapEx

5%

$165

Vacancy

6%

$198

Maintenance

5%

$165

Other

0%

$0

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