REI Lense

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$2,479 (target)

2097 Hermit Trl, Newton, NC 28658

3 beds • 4 baths • 2750 sqft

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This property looks like a bad Long-Term investment with a projected -18.22% first-year return on $157k initial cash invested.

-18.22%

Cash On Cash

2.41%

Cap Rate

0.4

DSCR

$2,479

Rent

-$2,388

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,479 income − $4,867 expenses = $2,388 out of pocket

Income$2,479Out of Pocket$2,388Mortgage P&I$3,771152%Property Taxes$1898%Insurance$26211%Management$24810%CapEx$1245%Vacancy$1496%Maintenance$1245%

Investment Breakdown

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Purchase Price

$749k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$157k

Downpayment

20%

$150k

Closing costs

1%

$7,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,479

Total Expenses

$4,867

Mortgage P&I

152%

$3,771

Property Taxes

8%

$189

Home Insurance

11%

$262

HOA

0%

$0

Property Management

10%

$248

CapEx

5%

$124

Vacancy

6%

$149

Maintenance

5%

$124

Other

0%

$0

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