REI Lense

REI Lense

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$2,617 (target)

331 Quail Ridge Rd, Lake Lure, NC 28746

3 beds • 3 baths • 1915 sqft

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This property looks like a bad Long-Term investment with a projected -20.14% first-year return on $150k initial cash invested.

-20.14%

Cash On Cash

1.83%

Cap Rate

0.31

DSCR

$2,617

Rent

-$2,520

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$715k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$150k

Downpayment

20%

$143k

Closing costs

1%

$7,150

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,617

Total Expenses

$5,137

Mortgage P&I

133%

$3,479

Property Taxes

12%

$313

Home Insurance

10%

$250

HOA

16%

$414

Property Management

10%

$262

CapEx

5%

$131

Vacancy

6%

$157

Maintenance

5%

$131

Other

0%

$0

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