REI Lense

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$2,033 (target)

235 Rolling Ridge Loop, Burnsville, NC 28714

3 beds • 2 baths • 1900 sqft

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This property looks like a bad Long-Term investment with a projected -10.5% first-year return on $78,960 initial cash invested.

-10.5%

Cash On Cash

4.23%

Cap Rate

0.69

DSCR

$2,033

Rent

-$691

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,033 income − $2,724 expenses = $691 out of pocket

Income$2,033Out of Pocket$691Mortgage P&I$1,91394%Property Taxes$1427%Insurance$1407%Management$20310%CapEx$1025%Vacancy$1226%Maintenance$1025%

Investment Breakdown

|

Purchase Price

$376k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,960

Downpayment

20%

$75,200

Closing costs

1%

$3,760

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,033

Total Expenses

$2,724

Mortgage P&I

94%

$1,913

Property Taxes

7%

$142

Home Insurance

7%

$140

HOA

0%

$0

Property Management

10%

$203

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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