REI Lense

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$1,988 (target)

212 Turner Rd, Rutherfordton, NC 28139

3 beds • 2 baths • 2118 sqft

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This property looks like a bad Long-Term investment with a projected -18.82% first-year return on $102k initial cash invested.

-18.82%

Cash On Cash

2.33%

Cap Rate

0.39

DSCR

$1,988

Rent

-$1,592

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,988 income − $3,580 expenses = $1,592 out of pocket

Income$1,988Out of Pocket$1,592Mortgage P&I$2,432122%Property Taxes$38419%Insurance$24812%Management$19910%CapEx$995%Vacancy$1196%Maintenance$995%

Investment Breakdown

|

Purchase Price

$484k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$96,700

Closing costs

1%

$4,835

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,988

Total Expenses

$3,580

Mortgage P&I

122%

$2,432

Property Taxes

19%

$384

Home Insurance

12%

$248

HOA

0%

$0

Property Management

10%

$199

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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