REI Lense

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$4,010 (target)

205 Southern Charm Rd, Arden, NC 28704

3 beds • 3 baths • 1615 sqft

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This property might be a fair Mid-Term investment with a projected 3.67% first-year return on $101k initial cash invested.

3.67%

Cash On Cash

7.43%

Cap Rate

1.24

DSCR

$4,010

Rent

$308

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,010 income − $3,702 expenses = $308 cash flow

Income$4,010Mortgage P&I$1,97049%Property Taxes$1744%Insurance$1383%HOA$581%Management$48112%CapEx$1604%Vacancy$1203%Maintenance$1604%Other$44111%Cash Flow$308

Investment Breakdown

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Purchase Price

$394k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$78,800

Closing costs

1%

$3,940

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,010

Total Expenses

$3,702

Mortgage P&I

49%

$1,970

Property Taxes

4%

$174

Home Insurance

3%

$138

HOA

1%

$58

Property Management

12%

$481

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$441

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