REI Lense

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$2,542 (target)

26 Grimball Dr, Waynesville, NC 28786

3 beds • 3 baths • 2128 sqft

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This property looks like a bad Long-Term investment with a projected -9.91% first-year return on $102k initial cash invested.

-9.91%

Cash On Cash

4.26%

Cap Rate

0.71

DSCR

$2,542

Rent

-$844

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,542 income − $3,386 expenses = $844 out of pocket

Income$2,542Out of Pocket$844Mortgage P&I$2,44696%Property Taxes$1255%Insurance$1546%Management$25410%CapEx$1275%Vacancy$1536%Maintenance$1275%

Investment Breakdown

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Purchase Price

$487k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$97,380

Closing costs

1%

$4,869

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,542

Total Expenses

$3,386

Mortgage P&I

96%

$2,446

Property Taxes

5%

$125

Home Insurance

6%

$154

HOA

0%

$0

Property Management

10%

$254

CapEx

5%

$127

Vacancy

6%

$153

Maintenance

5%

$127

Other

0%

$0

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