REI Lense

REI Lense

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$2,311 (target)

34 Middle St, Hendersonville, NC 28792

3 beds • 2 baths • 1728 sqft

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This property looks like a bad Long-Term investment with a projected -8.48% first-year return on $81,627 initial cash invested.

-8.48%

Cash On Cash

4.61%

Cap Rate

0.76

DSCR

$2,311

Rent

-$577

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,311 income − $2,888 expenses = $577 out of pocket

Income$2,311Out of Pocket$577Mortgage P&I$1,95585%Property Taxes$1607%Insurance$1406%HOA$311%Management$23110%CapEx$1165%Vacancy$1396%Maintenance$1165%

Investment Breakdown

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Purchase Price

$389k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,627

Downpayment

20%

$77,740

Closing costs

1%

$3,887

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,311

Total Expenses

$2,888

Mortgage P&I

85%

$1,955

Property Taxes

7%

$160

Home Insurance

6%

$140

HOA

1%

$31

Property Management

10%

$231

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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