REI Lense

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$1,562 (target)

3339 Rhyne Forest Rd, Iron Station, NC 28080

3 beds • 2 baths • 1768 sqft

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This property looks like a bad Long-Term investment with a projected -12.14% first-year return on $67,620 initial cash invested.

-12.14%

Cash On Cash

3.73%

Cap Rate

0.62

DSCR

$1,562

Rent

-$684

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,562 income − $2,246 expenses = $684 out of pocket

Income$1,562Out of Pocket$684Mortgage P&I$1,607103%Property Taxes$1208%Insurance$1137%Management$15610%CapEx$785%Vacancy$946%Maintenance$785%

Investment Breakdown

|

Purchase Price

$322k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,620

Downpayment

20%

$64,400

Closing costs

1%

$3,220

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,562

Total Expenses

$2,246

Mortgage P&I

103%

$1,607

Property Taxes

8%

$120

Home Insurance

7%

$113

HOA

0%

$0

Property Management

10%

$156

CapEx

5%

$78

Vacancy

6%

$94

Maintenance

5%

$78

Other

0%

$0

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