REI Lense

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$3,030 (target)

229 Batten Ridge Dr, Statesville, NC 28677

3 beds • 3 baths • 2316 sqft

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This property looks like a bad Mid-Term investment with a projected -3.31% first-year return on $94,650 initial cash invested.

-3.31%

Cash On Cash

5.43%

Cap Rate

0.92

DSCR

$3,030

Rent

-$261

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,030 income − $3,291 expenses = $261 out of pocket

Income$3,030Out of Pocket$261Mortgage P&I$1,79259%Property Taxes$30810%Insurance$1304%HOA$311%Management$36412%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33311%

Investment Breakdown

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Purchase Price

$365k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,650

Downpayment

20%

$73,000

Closing costs

1%

$3,650

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,030

Total Expenses

$3,291

Mortgage P&I

59%

$1,792

Property Taxes

10%

$308

Home Insurance

4%

$130

HOA

1%

$31

Property Management

12%

$364

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$333

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