REI Lense

REI Lense

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$2,934 (target)

268 Mallard Rd, Lake Lure, NC 28746

3 beds • 3 baths • 2530 sqft

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This property looks like a bad Long-Term investment with a projected -16.16% first-year return on $150k initial cash invested.

-16.16%

Cash On Cash

2.72%

Cap Rate

0.46

DSCR

$2,934

Rent

-$2,016

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$713k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$150k

Downpayment

20%

$143k

Closing costs

1%

$7,128

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,934

Total Expenses

$4,950

Mortgage P&I

119%

$3,483

Property Taxes

13%

$395

Home Insurance

9%

$255

HOA

2%

$54

Property Management

10%

$293

CapEx

5%

$147

Vacancy

6%

$176

Maintenance

5%

$147

Other

0%

$0

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