REI Lense

REI Lense

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$2,113 (target)

246 Puncheon Ln, Mars Hill, NC 28754

3 beds • 2 baths • 2662 sqft

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This property looks like a bad Long-Term investment with a projected -22.64% first-year return on $152k initial cash invested.

-22.64%

Cash On Cash

1.69%

Cap Rate

0.27

DSCR

$2,113

Rent

-$2,872

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,113 income − $4,985 expenses = $2,872 out of pocket

Income$2,113Out of Pocket$2,872Mortgage P&I$3,785179%Property Taxes$1889%Insurance$25412%HOA$20810%Management$21110%CapEx$1065%Vacancy$1276%Maintenance$1065%

Investment Breakdown

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Purchase Price

$725k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$152k

Downpayment

20%

$145k

Closing costs

1%

$7,249

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,113

Total Expenses

$4,985

Mortgage P&I

179%

$3,785

Property Taxes

9%

$188

Home Insurance

12%

$254

HOA

10%

$208

Property Management

10%

$211

CapEx

5%

$106

Vacancy

6%

$127

Maintenance

5%

$106

Other

0%

$0

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