REI Lense

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$1,628 (target)

201 Black Rock School Rd, Cherryville, NC 28021

3 beds • 2 baths • 1433 sqft

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This property looks like a bad Long-Term investment with a projected -8.04% first-year return on $54,894 initial cash invested.

-8.04%

Cash On Cash

4.68%

Cap Rate

0.78

DSCR

$1,628

Rent

-$368

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,628 income − $1,996 expenses = $368 out of pocket

Income$1,628Out of Pocket$368Mortgage P&I$1,30680%Property Taxes$17411%Insurance$936%Management$16310%CapEx$815%Vacancy$986%Maintenance$815%

Investment Breakdown

|

Purchase Price

$261k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,894

Downpayment

20%

$52,280

Closing costs

1%

$2,614

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,628

Total Expenses

$1,996

Mortgage P&I

80%

$1,306

Property Taxes

11%

$174

Home Insurance

6%

$93

HOA

0%

$0

Property Management

10%

$163

CapEx

5%

$81

Vacancy

6%

$98

Maintenance

5%

$81

Other

0%

$0

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