REI Lense

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$3,224 (target)

310 Kingsford Dr, Stanley, NC 28164

3 beds • 3 baths • 1764 sqft

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This property might be a fair Mid-Term investment with a projected 1.57% first-year return on $85,767 initial cash invested.

1.57%

Cash On Cash

6.92%

Cap Rate

1.15

DSCR

$3,224

Rent

$112

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,224 income − $3,112 expenses = $112 cash flow

Income$3,224Mortgage P&I$1,62050%Property Taxes$2458%Insurance$1144%HOA$361%Management$38712%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35511%Cash Flow$112

Investment Breakdown

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Purchase Price

$323k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,767

Downpayment

20%

$64,540

Closing costs

1%

$3,227

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,224

Total Expenses

$3,112

Mortgage P&I

50%

$1,620

Property Taxes

8%

$245

Home Insurance

4%

$114

HOA

1%

$36

Property Management

12%

$387

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$355

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