REI Lense

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$1,668 (target)

29 Central Ave, Granite Falls, NC 28630

3 beds • 2 baths • 1401 sqft

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This property looks like a bad Mid-Term investment with a projected -8.57% first-year return on $85,179 initial cash invested.

-8.57%

Cash On Cash

3.95%

Cap Rate

0.66

DSCR

$1,668

Rent

-$608

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,668 income − $2,276 expenses = $608 out of pocket

Income$1,668Out of Pocket$608Mortgage P&I$1,59396%Property Taxes$4Insurance$1127%Management$20012%CapEx$674%Vacancy$503%Maintenance$674%Other$18311%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,179

Downpayment

20%

$63,980

Closing costs

1%

$3,199

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,668

Total Expenses

$2,276

Mortgage P&I

96%

$1,593

Property Taxes

0%

$4

Home Insurance

7%

$112

HOA

0%

$0

Property Management

12%

$200

CapEx

4%

$67

Vacancy

3%

$50

Maintenance

4%

$67

Other

11%

$183

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