REI Lense

REI Lense

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$1,588 (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 Long-Term investment with a projected -10.78% first-year return on $62,790 initial cash invested.

-10.78%

Cash On Cash

4.16%

Cap Rate

0.68

DSCR

$1,588

Rent

-$564

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,588 income − $2,152 expenses = $564 out of pocket

Income$1,588Out of Pocket$564Mortgage P&I$1,52196%Property Taxes$1147%Insurance$1057%Management$15910%CapEx$795%Vacancy$956%Maintenance$795%

Investment Breakdown

|

Purchase Price

$299k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,790

Downpayment

20%

$59,800

Closing costs

1%

$2,990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,588

Total Expenses

$2,152

Mortgage P&I

96%

$1,521

Property Taxes

7%

$114

Home Insurance

7%

$105

HOA

0%

$0

Property Management

10%

$159

CapEx

5%

$79

Vacancy

6%

$95

Maintenance

5%

$79

Other

0%

$0

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