REI Lense

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$2,382 (target)

2542 E State Highway 10, Conover, NC 28613

3 beds • 2 baths • 1764 sqft

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This property looks like a bad Mid-Term investment with a projected -2.48% first-year return on $80,790 initial cash invested.

-2.48%

Cash On Cash

5.82%

Cap Rate

0.95

DSCR

$2,382

Rent

-$167

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,382 income − $2,549 expenses = $167 out of pocket

Income$2,382Out of Pocket$167Mortgage P&I$1,52164%Property Taxes$1145%Insurance$1054%Management$28612%CapEx$954%Vacancy$713%Maintenance$954%Other$26211%

Investment Breakdown

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Purchase Price

$299k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,790

Downpayment

20%

$59,800

Closing costs

1%

$2,990

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,382

Total Expenses

$2,549

Mortgage P&I

64%

$1,521

Property Taxes

5%

$114

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$286

CapEx

4%

$95

Vacancy

3%

$71

Maintenance

4%

$95

Other

11%

$262

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