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3441 Spencer Heights Pl, Lenoir, NC 28645

3 beds • 2 baths • 1250 sqft

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This property looks like a bad Long-Term investment with a projected -11.25% first-year return on $61,740 initial cash invested.

-11.25%

Cash On Cash

3.78%

Cap Rate

0.65

DSCR

$1,487

Rent

-$579

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$294k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,740

Downpayment

20%

$58,800

Closing costs

1%

$2,940

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,487

Total Expenses

$2,066

Mortgage P&I

96%

$1,430

Property Taxes

10%

$145

Home Insurance

7%

$105

HOA

0%

$0

Property Management

10%

$149

CapEx

5%

$74

Vacancy

6%

$89

Maintenance

5%

$74

Other

0%

$0

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