REI Lense

REI Lense

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$1,688 (target)

3333 Eastwood Ave, Morganton, NC 28655

3 beds • 2 baths • 1309 sqft

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This property looks like a bad Long-Term investment with a projected -7.44% first-year return on $56,595 initial cash invested.

-7.44%

Cash On Cash

5.01%

Cap Rate

0.81

DSCR

$1,688

Rent

-$351

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,688 income − $2,039 expenses = $351 out of pocket

Income$1,688Out of Pocket$351Mortgage P&I$1,39282%Property Taxes$1137%Insurance$966%Management$16910%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

|

Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,595

Downpayment

20%

$53,900

Closing costs

1%

$2,695

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,688

Total Expenses

$2,039

Mortgage P&I

82%

$1,392

Property Taxes

7%

$113

Home Insurance

6%

$96

HOA

0%

$0

Property Management

10%

$169

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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