REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$3,024 (target)

198 Windemere Isle Rd, Statesville, NC 28677

3 beds • 4 baths • 2885 sqft

Email

This property looks like a bad Mid-Term investment with a projected -15.71% first-year return on $163k initial cash invested.

-15.71%

Cash On Cash

2.54%

Cap Rate

0.42

DSCR

$3,024

Rent

-$2,132

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,024 income − $5,156 expenses = $2,132 out of pocket

Income$3,024Out of Pocket$2,132Mortgage P&I$3,470115%Property Taxes$2829%Insurance$2428%HOA$1334%Management$36312%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33311%

Investment Breakdown

|

Purchase Price

$690k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$163k

Downpayment

20%

$138k

Closing costs

1%

$6,899

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,024

Total Expenses

$5,156

Mortgage P&I

115%

$3,470

Property Taxes

9%

$282

Home Insurance

8%

$242

HOA

4%

$133

Property Management

12%

$363

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$333

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis