REI Lense

REI Lense

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$2,231 (target)

2 Bear Rock Loop Rd, Hendersonville, NC 28739

3 beds • 3 baths • 1551 sqft

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This property looks like a bad Long-Term investment with a projected -11.32% first-year return on $89,250 initial cash invested.

-11.32%

Cash On Cash

4.03%

Cap Rate

0.66

DSCR

$2,231

Rent

-$842

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,231 income − $3,073 expenses = $842 out of pocket

Income$2,231Out of Pocket$842Mortgage P&I$2,15697%Property Taxes$1396%Insurance$1497%HOA$482%Management$22310%CapEx$1125%Vacancy$1346%Maintenance$1125%

Investment Breakdown

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Purchase Price

$425k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,250

Downpayment

20%

$85,000

Closing costs

1%

$4,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,231

Total Expenses

$3,073

Mortgage P&I

97%

$2,156

Property Taxes

6%

$139

Home Insurance

7%

$149

HOA

2%

$48

Property Management

10%

$223

CapEx

5%

$112

Vacancy

6%

$134

Maintenance

5%

$112

Other

0%

$0

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