REI Lense

REI Lense

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$1,696 (target)

2661 Tiffany St, Conover, NC 28613

3 beds • 3 baths • 2148 sqft

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This property looks like a bad Long-Term investment with a projected -10.38% first-year return on $67,200 initial cash invested.

-10.38%

Cash On Cash

4.2%

Cap Rate

0.69

DSCR

$1,696

Rent

-$581

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,696 income − $2,277 expenses = $581 out of pocket

Income$1,696Out of Pocket$581Mortgage P&I$1,61595%Property Taxes$1086%Insurance$1127%Management$17010%CapEx$855%Vacancy$1026%Maintenance$855%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,200

Downpayment

20%

$64,000

Closing costs

1%

$3,200

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,696

Total Expenses

$2,277

Mortgage P&I

95%

$1,615

Property Taxes

6%

$108

Home Insurance

7%

$112

HOA

0%

$0

Property Management

10%

$170

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

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