REI Lense

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$3,614 (target)

2721 Tara Dr, Monroe, NC 28112

3 beds • 2 baths • 2287 sqft

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This property looks like a bad Mid-Term investment with a projected -6.47% first-year return on $132k initial cash invested.

-6.47%

Cash On Cash

4.9%

Cap Rate

0.8

DSCR

$3,614

Rent

-$710

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,614 income − $4,324 expenses = $710 out of pocket

Income$3,614Out of Pocket$710Mortgage P&I$2,77677%Property Taxes$1304%Insurance$1885%Management$43412%CapEx$1454%Vacancy$1083%Maintenance$1454%Other$39811%

Investment Breakdown

|

Purchase Price

$541k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$132k

Downpayment

20%

$108k

Closing costs

1%

$5,413

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,614

Total Expenses

$4,324

Mortgage P&I

77%

$2,776

Property Taxes

4%

$130

Home Insurance

5%

$188

HOA

0%

$0

Property Management

12%

$434

CapEx

4%

$145

Vacancy

3%

$108

Maintenance

4%

$145

Other

11%

$398

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