REI Lense

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$1,722 (target)

306 Starmount Dr, Statesville, NC 28677

3 beds • 2 baths • 1802 sqft

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This property looks like a bad Long-Term investment with a projected -17.64% first-year return on $77,343 initial cash invested.

-17.64%

Cash On Cash

3.24%

Cap Rate

0.49

DSCR

$1,722

Rent

-$1,137

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,722 income − $2,859 expenses = $1,137 out of pocket

Income$1,722Out of Pocket$1,137Mortgage P&I$2,045119%Property Taxes$23614%Insurance$1318%Management$17210%CapEx$865%Vacancy$1036%Maintenance$865%

Investment Breakdown

|

Purchase Price

$368k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,343

Downpayment

20%

$73,660

Closing costs

1%

$3,683

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,722

Total Expenses

$2,859

Mortgage P&I

119%

$2,045

Property Taxes

14%

$236

Home Insurance

8%

$131

HOA

0%

$0

Property Management

10%

$172

CapEx

5%

$86

Vacancy

6%

$103

Maintenance

5%

$86

Other

0%

$0

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