REI Lense

REI Lense

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$1,551 (target)

2115 Newton Dr, Statesville, NC 28677

3 beds • 2 baths • 2190 sqft

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This property looks like a bad Long-Term investment with a projected -6.71% first-year return on $51,345 initial cash invested.

-6.71%

Cash On Cash

5.42%

Cap Rate

0.84

DSCR

$1,551

Rent

-$287

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,551 income − $1,838 expenses = $287 out of pocket

Income$1,551Out of Pocket$287Mortgage P&I$1,31485%Property Taxes$332%Insurance$876%Management$15510%CapEx$785%Vacancy$936%Maintenance$785%

Investment Breakdown

|

Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,345

Downpayment

20%

$48,900

Closing costs

1%

$2,445

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,551

Total Expenses

$1,838

Mortgage P&I

85%

$1,314

Property Taxes

2%

$33

Home Insurance

6%

$87

HOA

0%

$0

Property Management

10%

$155

CapEx

5%

$78

Vacancy

6%

$93

Maintenance

5%

$78

Other

0%

$0

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