REI Lense

REI Lense

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$1,476 (target)

309 S Main Ave, Newton, NC 28658

3 beds • 2 baths • 1334 sqft

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This property looks like a bad Long-Term investment with a projected -9.95% first-year return on $48,741 initial cash invested.

-9.95%

Cash On Cash

4.84%

Cap Rate

0.74

DSCR

$1,476

Rent

-$404

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,476 income − $1,880 expenses = $404 out of pocket

Income$1,476Out of Pocket$404Mortgage P&I$1,26786%Property Taxes$15110%Insurance$775%Management$14810%CapEx$745%Vacancy$896%Maintenance$745%

Investment Breakdown

|

Purchase Price

$232k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,741

Downpayment

20%

$46,420

Closing costs

1%

$2,321

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,476

Total Expenses

$1,880

Mortgage P&I

86%

$1,267

Property Taxes

10%

$151

Home Insurance

5%

$77

HOA

0%

$0

Property Management

10%

$148

CapEx

5%

$74

Vacancy

6%

$89

Maintenance

5%

$74

Other

0%

$0

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