REI Lense

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$2,485 (target)

280 Lynn Hill Road, Boone, NC 28607

3 beds • 2 baths • 1390 sqft

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This property looks like a bad Long-Term investment with a projected -4.44% first-year return on $80,073 initial cash invested.

-4.44%

Cash On Cash

5.49%

Cap Rate

0.91

DSCR

$2,485

Rent

-$296

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,485 income − $2,781 expenses = $296 out of pocket

Income$2,485Out of Pocket$296Mortgage P&I$1,91877%Property Taxes$783%Insurance$1406%Management$24810%CapEx$1245%Vacancy$1496%Maintenance$1245%

Investment Breakdown

|

Purchase Price

$381k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,073

Downpayment

20%

$76,260

Closing costs

1%

$3,813

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,485

Total Expenses

$2,781

Mortgage P&I

77%

$1,918

Property Taxes

3%

$78

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$248

CapEx

5%

$124

Vacancy

6%

$149

Maintenance

5%

$124

Other

0%

$0

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