REI Lense

REI Lense

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$2,593 (target)

321 Grays Shadow Lane, Banner Elk, NC 28604

3 beds • 3 baths • 2215 sqft

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This property looks like a bad Long-Term investment with a projected -14.77% first-year return on $125k initial cash invested.

-14.77%

Cash On Cash

3.07%

Cap Rate

0.52

DSCR

$2,593

Rent

-$1,535

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,593 income − $4,128 expenses = $1,535 out of pocket

Income$2,593Out of Pocket$1,535Mortgage P&I$2,925113%Property Taxes$1436%Insurance$38515%Management$25910%CapEx$1305%Vacancy$1566%Maintenance$1305%

Investment Breakdown

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Purchase Price

$594k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$125k

Downpayment

20%

$119k

Closing costs

1%

$5,939

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,593

Total Expenses

$4,128

Mortgage P&I

113%

$2,925

Property Taxes

6%

$143

Home Insurance

15%

$385

HOA

0%

$0

Property Management

10%

$259

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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