REI Lense

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$3,002 (target)

260 Justice Ridge Rd, Candler, NC 28715

3 beds • 2 baths • 1524 sqft

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This property looks like a bad Mid-Term investment with a projected -1.32% first-year return on $92,109 initial cash invested.

-1.32%

Cash On Cash

6.22%

Cap Rate

1.01

DSCR

$3,002

Rent

-$101

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,002 income − $3,103 expenses = $101 out of pocket

Income$3,002Out of Pocket$101Mortgage P&I$1,81160%Property Taxes$1445%Insurance$1284%Management$36012%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33011%

Investment Breakdown

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Purchase Price

$353k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,109

Downpayment

20%

$70,580

Closing costs

1%

$3,529

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,002

Total Expenses

$3,103

Mortgage P&I

60%

$1,811

Property Taxes

5%

$144

Home Insurance

4%

$128

HOA

0%

$0

Property Management

12%

$360

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$330

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