REI Lense

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$2,061 (target)

2373 Wilkesboro Boulevard, Lenoir, NC 28645

3 beds • 3 baths • 5172 sqft

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This property looks like a bad Long-Term investment with a projected -23.49% first-year return on $184k initial cash invested.

-23.49%

Cash On Cash

1.21%

Cap Rate

0.2

DSCR

$2,061

Rent

-$3,597

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,061 income − $5,658 expenses = $3,597 out of pocket

Income$2,061Out of Pocket$3,597Mortgage P&I$4,374212%Property Taxes$44221%Insurance$30615%Management$20610%CapEx$1035%Vacancy$1246%Maintenance$1035%

Investment Breakdown

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Purchase Price

$875k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$184k

Downpayment

20%

$175k

Closing costs

1%

$8,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,061

Total Expenses

$5,658

Mortgage P&I

212%

$4,374

Property Taxes

21%

$442

Home Insurance

15%

$306

HOA

0%

$0

Property Management

10%

$206

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

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