REI Lense

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$4,278 (target)

3010 Eaker Dr, Cherryville, NC 28021

3 beds • 4 baths • 3263 sqft

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This property looks like a bad Mid-Term investment with a projected -2.08% first-year return on $124k initial cash invested.

-2.08%

Cash On Cash

5.92%

Cap Rate

0.98

DSCR

$4,278

Rent

-$216

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,278 income − $4,494 expenses = $216 out of pocket

Income$4,278Out of Pocket$216Mortgage P&I$2,54559%Property Taxes$3207%Insurance$1754%Management$51312%CapEx$1714%Vacancy$1283%Maintenance$1714%Other$47111%

Investment Breakdown

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Purchase Price

$507k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$101k

Closing costs

1%

$5,070

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,278

Total Expenses

$4,494

Mortgage P&I

59%

$2,545

Property Taxes

7%

$320

Home Insurance

4%

$175

HOA

0%

$0

Property Management

12%

$513

CapEx

4%

$171

Vacancy

3%

$128

Maintenance

4%

$171

Other

11%

$471

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