REI Lense

REI Lense

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$1,598 (target)

2428 Side Ln, Conover, NC 28613

3 beds • 2 baths • 1175 sqft

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This property looks like a bad Long-Term investment with a projected -7.66% first-year return on $56,217 initial cash invested.

-7.66%

Cash On Cash

4.9%

Cap Rate

0.8

DSCR

$1,598

Rent

-$359

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,598 income − $1,957 expenses = $359 out of pocket

Income$1,598Out of Pocket$359Mortgage P&I$1,37386%Property Taxes$725%Insurance$966%Management$16010%CapEx$805%Vacancy$966%Maintenance$805%

Investment Breakdown

|

Purchase Price

$268k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,217

Downpayment

20%

$53,540

Closing costs

1%

$2,677

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,598

Total Expenses

$1,957

Mortgage P&I

86%

$1,373

Property Taxes

5%

$72

Home Insurance

6%

$96

HOA

0%

$0

Property Management

10%

$160

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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