REI Lense

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$2,532 (target)

31 Enochs Way, Fletcher, NC 28732

3 beds • 2 baths • 1843 sqft

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This property looks like a bad Long-Term investment with a projected -7.11% first-year return on $88,389 initial cash invested.

-7.11%

Cash On Cash

4.8%

Cap Rate

0.81

DSCR

$2,532

Rent

-$524

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,532 income − $3,056 expenses = $524 out of pocket

Income$2,532Out of Pocket$524Mortgage P&I$2,08182%Property Taxes$1426%Insurance$1496%HOA$251%Management$25310%CapEx$1275%Vacancy$1526%Maintenance$1275%

Investment Breakdown

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Purchase Price

$421k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,389

Downpayment

20%

$84,180

Closing costs

1%

$4,209

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,532

Total Expenses

$3,056

Mortgage P&I

82%

$2,081

Property Taxes

6%

$142

Home Insurance

6%

$149

HOA

1%

$25

Property Management

10%

$253

CapEx

5%

$127

Vacancy

6%

$152

Maintenance

5%

$127

Other

0%

$0

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