REI Lense

REI Lense

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$2,016 (target)

198 Windemere Isle Rd, Statesville, NC 28677

3 beds • 4 baths • 2885 sqft

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This property looks like a bad Long-Term investment with a projected -21.83% first-year return on $145k initial cash invested.

-21.83%

Cash On Cash

1.63%

Cap Rate

0.27

DSCR

$2,016

Rent

-$2,636

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,016 income − $4,652 expenses = $2,636 out of pocket

Income$2,016Out of Pocket$2,636Mortgage P&I$3,470172%Property Taxes$28214%Insurance$24212%HOA$1337%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

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Purchase Price

$690k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$145k

Downpayment

20%

$138k

Closing costs

1%

$6,899

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,016

Total Expenses

$4,652

Mortgage P&I

172%

$3,470

Property Taxes

14%

$282

Home Insurance

12%

$242

HOA

7%

$133

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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