REI Lense

REI Lense

$1,761 (target)

1990 Ida And Mary Mclawhorn Road, Greenville, NC 27858

3 beds • 2 baths • 1380 sqft

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This property looks like a bad Long-Term investment with a projected -10.82% first-year return on $62,643 initial cash invested.

-10.82%

Cash On Cash

4.51%

Cap Rate

0.7

DSCR

$1,761

Rent

-$565

Cashflow

Cash Flow

$1,761 income − $2,326 expenses = $565 out of pocket

Income$1,761Out ofPocket$565P&I$1,59791%Taxes$17010%Insurance$1016%Mgmt$17610%CapEx$885%Vacancy$1066%Maint.$885%

Investment Breakdown

|

Purchase Price

$298k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,643

Downpayment

20%

$59,660

Closing costs

1%

$2,983

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,761

Total Expenses

$2,326

Mortgage P&I

91%

$1,597

Property Taxes

10%

$170

Home Insurance

6%

$101

HOA

0%

$0

Property Management

10%

$176

CapEx

5%

$88

Vacancy

6%

$106

Maintenance

5%

$88

Other

0%

$0

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