REI Lense

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$1,845 (target)

229 N Macon Dr, Littleton, NC 27850

3 beds • 2 baths • 1425 sqft

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This property looks like a bad Long-Term investment with a projected -11.21% first-year return on $70,560 initial cash invested.

-11.21%

Cash On Cash

3.96%

Cap Rate

0.66

DSCR

$1,845

Rent

-$659

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,845 income − $2,504 expenses = $659 out of pocket

Income$1,845Out of Pocket$659Mortgage P&I$1,67791%Property Taxes$19110%Insurance$1579%Management$18410%CapEx$925%Vacancy$1116%Maintenance$925%

Investment Breakdown

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Purchase Price

$336k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,560

Downpayment

20%

$67,200

Closing costs

1%

$3,360

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,845

Total Expenses

$2,504

Mortgage P&I

91%

$1,677

Property Taxes

10%

$191

Home Insurance

9%

$157

HOA

0%

$0

Property Management

10%

$184

CapEx

5%

$92

Vacancy

6%

$111

Maintenance

5%

$92

Other

0%

$0

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