REI Lense

REI Lense

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$1,909 (target)

2370 Ellen St, Granite Falls, NC 28630

3 beds • 2 baths • 1342 sqft

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This property looks like a bad Long-Term investment with a projected -8.86% first-year return on $68,565 initial cash invested.

-8.86%

Cash On Cash

4.49%

Cap Rate

0.75

DSCR

$1,909

Rent

-$506

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,909 income − $2,415 expenses = $506 out of pocket

Income$1,909Out of Pocket$506Mortgage P&I$1,63285%Property Taxes$1639%Insurance$1246%Management$19110%CapEx$955%Vacancy$1156%Maintenance$955%

Investment Breakdown

|

Purchase Price

$327k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,565

Downpayment

20%

$65,300

Closing costs

1%

$3,265

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,909

Total Expenses

$2,415

Mortgage P&I

85%

$1,632

Property Taxes

9%

$163

Home Insurance

7%

$124

HOA

0%

$0

Property Management

10%

$191

CapEx

5%

$95

Vacancy

6%

$115

Maintenance

5%

$95

Other

0%

$0

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