REI Lense

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$1,629 (target)

210 E 6th St, Cherryville, NC 28021

3 beds • 2 baths • 1133 sqft

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This property looks like a bad Long-Term investment with a projected -8.26% first-year return on $53,739 initial cash invested.

-8.26%

Cash On Cash

4.63%

Cap Rate

0.77

DSCR

$1,629

Rent

-$370

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,629 income − $1,999 expenses = $370 out of pocket

Income$1,629Out of Pocket$370Mortgage P&I$1,27778%Property Taxes$21013%Insurance$895%Management$16310%CapEx$815%Vacancy$986%Maintenance$815%

Investment Breakdown

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Purchase Price

$256k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,739

Downpayment

20%

$51,180

Closing costs

1%

$2,559

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,629

Total Expenses

$1,999

Mortgage P&I

78%

$1,277

Property Taxes

13%

$210

Home Insurance

5%

$89

HOA

0%

$0

Property Management

10%

$163

CapEx

5%

$81

Vacancy

6%

$98

Maintenance

5%

$81

Other

0%

$0

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