REI Lense

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$2,818 (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 Mid-Term investment with a projected -3.12% first-year return on $93,579 initial cash invested.

-3.12%

Cash On Cash

5.72%

Cap Rate

0.93

DSCR

$2,818

Rent

-$243

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,818 income − $3,061 expenses = $243 out of pocket

Income$2,818Out of Pocket$243Mortgage P&I$1,84666%Property Taxes$1305%Insurance$1264%Management$33812%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31011%

Investment Breakdown

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Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,579

Downpayment

20%

$71,980

Closing costs

1%

$3,599

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,818

Total Expenses

$3,061

Mortgage P&I

66%

$1,846

Property Taxes

5%

$130

Home Insurance

4%

$126

HOA

0%

$0

Property Management

12%

$338

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$310

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