REI Lense

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$2,457 (target)

249 Stone Mountain Way, Denver, NC 28037

3 beds • 3 baths • 2679 sqft

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This property looks like a bad Long-Term investment with a projected -23.46% first-year return on $153k initial cash invested.

-23.46%

Cash On Cash

1.3%

Cap Rate

0.22

DSCR

$2,457

Rent

-$3,000

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,457 income − $5,457 expenses = $3,000 out of pocket

Income$2,457Out of Pocket$3,000Mortgage P&I$3,669149%Property Taxes$34314%Insurance$26611%HOA$54022%Management$24610%CapEx$1235%Vacancy$1476%Maintenance$1235%

Investment Breakdown

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Purchase Price

$731k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$153k

Downpayment

20%

$146k

Closing costs

1%

$7,308

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,457

Total Expenses

$5,457

Mortgage P&I

149%

$3,669

Property Taxes

14%

$343

Home Insurance

11%

$266

HOA

22%

$540

Property Management

10%

$246

CapEx

5%

$123

Vacancy

6%

$147

Maintenance

5%

$123

Other

0%

$0

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