REI Lense

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$2,184 (target)

232 Hartness Rd, Statesville, NC 28677

3 beds • 2 baths • 1296 sqft

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This property looks like a bad Mid-Term investment with a projected -1.99% first-year return on $73,608 initial cash invested.

-1.99%

Cash On Cash

5.85%

Cap Rate

0.97

DSCR

$2,184

Rent

-$122

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,184 income − $2,306 expenses = $122 out of pocket

Income$2,184Out of Pocket$122Mortgage P&I$1,32561%Property Taxes$1457%Insurance$944%Management$26212%CapEx$874%Vacancy$663%Maintenance$874%Other$24011%

Investment Breakdown

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Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,608

Downpayment

20%

$52,960

Closing costs

1%

$2,648

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,184

Total Expenses

$2,306

Mortgage P&I

61%

$1,325

Property Taxes

7%

$145

Home Insurance

4%

$94

HOA

0%

$0

Property Management

12%

$262

CapEx

4%

$87

Vacancy

3%

$66

Maintenance

4%

$87

Other

11%

$240

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