REI Lense

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$1,879 (target)

2639 Mount Olive Church Rd, Newton, NC 28658

3 beds • 2 baths • 1985 sqft

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This property looks like a bad Long-Term investment with a projected -11.3% first-year return on $75,579 initial cash invested.

-11.3%

Cash On Cash

4.09%

Cap Rate

0.67

DSCR

$1,879

Rent

-$712

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,879 income − $2,591 expenses = $712 out of pocket

Income$1,879Out of Pocket$712Mortgage P&I$1,84698%Property Taxes$1307%Insurance$1267%Management$18810%CapEx$945%Vacancy$1136%Maintenance$945%

Investment Breakdown

|

Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,579

Downpayment

20%

$71,980

Closing costs

1%

$3,599

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,879

Total Expenses

$2,591

Mortgage P&I

98%

$1,846

Property Taxes

7%

$130

Home Insurance

7%

$126

HOA

0%

$0

Property Management

10%

$188

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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