REI Lense

REI Lense

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$3,226 (target)

33 Souther Rd, Fletcher, NC 28732

3 beds • 3 baths • 2853 sqft

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This property looks like a bad Long-Term investment with a projected -2.28% first-year return on $97,377 initial cash invested.

-2.28%

Cash On Cash

5.86%

Cap Rate

0.99

DSCR

$3,226

Rent

-$185

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,226 income − $3,411 expenses = $185 out of pocket

Income$3,226Out of Pocket$185Mortgage P&I$2,28871%Property Taxes$742%Insurance$2107%Management$32310%CapEx$1615%Vacancy$1946%Maintenance$1615%

Investment Breakdown

|

Purchase Price

$464k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,377

Downpayment

20%

$92,740

Closing costs

1%

$4,637

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,226

Total Expenses

$3,411

Mortgage P&I

71%

$2,288

Property Taxes

2%

$74

Home Insurance

7%

$210

HOA

0%

$0

Property Management

10%

$323

CapEx

5%

$161

Vacancy

6%

$194

Maintenance

5%

$161

Other

0%

$0

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