REI Lense

REI Lense

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$2,852 (target)

3010 Eaker Dr, Cherryville, NC 28021

3 beds • 4 baths • 3263 sqft

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This property looks like a bad Long-Term investment with a projected -10.48% first-year return on $106k initial cash invested.

-10.48%

Cash On Cash

4.16%

Cap Rate

0.69

DSCR

$2,852

Rent

-$930

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,852 income − $3,782 expenses = $930 out of pocket

Income$2,852Out of Pocket$930Mortgage P&I$2,54589%Property Taxes$32011%Insurance$1756%Management$28510%CapEx$1435%Vacancy$1716%Maintenance$1435%

Investment Breakdown

|

Purchase Price

$507k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$101k

Closing costs

1%

$5,070

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,852

Total Expenses

$3,782

Mortgage P&I

89%

$2,545

Property Taxes

11%

$320

Home Insurance

6%

$175

HOA

0%

$0

Property Management

10%

$285

CapEx

5%

$143

Vacancy

6%

$171

Maintenance

5%

$143

Other

0%

$0

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