REI Lense

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$2,727 (target)

304 Smokey View Drive, Newland, NC 28657

3 beds • 3 baths • 2834 sqft

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This property looks like a bad Long-Term investment with a projected -16.33% first-year return on $157k initial cash invested.

-16.33%

Cash On Cash

2.78%

Cap Rate

0.46

DSCR

$2,727

Rent

-$2,140

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,727 income − $4,867 expenses = $2,140 out of pocket

Income$2,727Out of Pocket$2,140Mortgage P&I$3,738137%Property Taxes$1044%Insurance$26210%HOA$542%Management$27310%CapEx$1365%Vacancy$1646%Maintenance$1365%

Investment Breakdown

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Purchase Price

$749k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$157k

Downpayment

20%

$150k

Closing costs

1%

$7,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,727

Total Expenses

$4,867

Mortgage P&I

137%

$3,738

Property Taxes

4%

$104

Home Insurance

10%

$262

HOA

2%

$54

Property Management

10%

$273

CapEx

5%

$136

Vacancy

6%

$164

Maintenance

5%

$136

Other

0%

$0

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