REI Lense

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$3,981 (target)

198 N River Rd, Fletcher, NC 28732

3 beds • 3 baths • 1698 sqft

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This property might be a fair Mid-Term investment with a projected 0.11% first-year return on $111k initial cash invested.

0.11%

Cash On Cash

6.51%

Cap Rate

1.08

DSCR

$3,981

Rent

$10

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,981 income − $3,971 expenses = $10 cash flow

Income$3,981Mortgage P&I$2,23456%Property Taxes$1935%Insurance$1584%HOA$331%Management$47812%CapEx$1594%Vacancy$1193%Maintenance$1594%Other$43811%Cash Flow$10

Investment Breakdown

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Purchase Price

$443k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$88,600

Closing costs

1%

$4,430

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,981

Total Expenses

$3,971

Mortgage P&I

56%

$2,234

Property Taxes

5%

$193

Home Insurance

4%

$158

HOA

1%

$33

Property Management

12%

$478

CapEx

4%

$159

Vacancy

3%

$119

Maintenance

4%

$159

Other

11%

$438

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