REI Lense

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$2,768 (target)

229 N Macon Dr, Littleton, NC 27850

3 beds • 2 baths • 1425 sqft

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This property looks like a bad Mid-Term investment with a projected -2.68% first-year return on $88,560 initial cash invested.

-2.68%

Cash On Cash

5.68%

Cap Rate

0.95

DSCR

$2,768

Rent

-$198

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,768 income − $2,966 expenses = $198 out of pocket

Income$2,768Out of Pocket$198Mortgage P&I$1,67761%Property Taxes$1917%Insurance$1576%Management$33212%CapEx$1114%Vacancy$833%Maintenance$1114%Other$30411%

Investment Breakdown

|

Purchase Price

$336k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,560

Downpayment

20%

$67,200

Closing costs

1%

$3,360

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,768

Total Expenses

$2,966

Mortgage P&I

61%

$1,677

Property Taxes

7%

$191

Home Insurance

6%

$157

HOA

0%

$0

Property Management

12%

$332

CapEx

4%

$111

Vacancy

3%

$83

Maintenance

4%

$111

Other

11%

$304

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