REI Lense

REI Lense

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$2,214 (target)

309 S Main Ave, Newton, NC 28658

3 beds • 2 baths • 1334 sqft

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This property looks like a bad Mid-Term investment with a projected -0.63% first-year return on $66,741 initial cash invested.

-0.63%

Cash On Cash

6.83%

Cap Rate

1.04

DSCR

$2,214

Rent

-$35

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,214 income − $2,249 expenses = $35 out of pocket

Income$2,214Out of Pocket$35Mortgage P&I$1,26757%Property Taxes$1517%Insurance$773%Management$26612%CapEx$894%Vacancy$663%Maintenance$894%Other$24411%

Investment Breakdown

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Purchase Price

$232k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,741

Downpayment

20%

$46,420

Closing costs

1%

$2,321

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,214

Total Expenses

$2,249

Mortgage P&I

57%

$1,267

Property Taxes

7%

$151

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$266

CapEx

4%

$89

Vacancy

3%

$66

Maintenance

4%

$89

Other

11%

$244

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