REI Lense

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$2,166 (target)

3232 Kingview Pl, Lenoir, NC 28645

3 beds • 2 baths • 1682 sqft

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This property looks like a bad Mid-Term investment with a projected -5.96% first-year return on $85,935 initial cash invested.

-5.96%

Cash On Cash

4.69%

Cap Rate

0.79

DSCR

$2,166

Rent

-$427

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,166 income − $2,593 expenses = $427 out of pocket

Income$2,166Out of Pocket$427Mortgage P&I$1,60474%Property Taxes$1527%Insurance$1005%Management$26012%CapEx$874%Vacancy$653%Maintenance$874%Other$23811%

Investment Breakdown

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Purchase Price

$324k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,935

Downpayment

20%

$64,700

Closing costs

1%

$3,235

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,166

Total Expenses

$2,593

Mortgage P&I

74%

$1,604

Property Taxes

7%

$152

Home Insurance

5%

$100

HOA

0%

$0

Property Management

12%

$260

CapEx

4%

$87

Vacancy

3%

$65

Maintenance

4%

$87

Other

11%

$238

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