REI Lense

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$2,316 (target)

202 E 4th St, Lexington, NC 27292

3 beds • 2 baths • 1450 sqft

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This property might be a fair Mid-Term investment with a projected 7.13% first-year return on $57,228 initial cash invested.

7.13%

Cash On Cash

9.51%

Cap Rate

1.41

DSCR

$2,316

Rent

$340

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,316 income − $1,976 expenses = $340 cash flow

Income$2,316Mortgage P&I$1,04745%Property Taxes$803%Insurance$613%Management$27812%CapEx$934%Vacancy$693%Maintenance$934%Other$25511%Cash Flow$340

Investment Breakdown

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Purchase Price

$187k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,228

Downpayment

20%

$37,360

Closing costs

1%

$1,868

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,316

Total Expenses

$1,976

Mortgage P&I

45%

$1,047

Property Taxes

3%

$80

Home Insurance

3%

$61

HOA

0%

$0

Property Management

12%

$278

CapEx

4%

$93

Vacancy

3%

$69

Maintenance

4%

$93

Other

11%

$255

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