REI Lense

REI Lense

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$2,802 (target)

347 Linwood Lane, Newland, NC 28657

3 beds • 2 baths • 2090 sqft

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This property looks like a bad Long-Term investment with a projected -16.88% first-year return on $178k initial cash invested.

-16.88%

Cash On Cash

2.64%

Cap Rate

0.44

DSCR

$2,802

Rent

-$2,509

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,802 income − $5,311 expenses = $2,509 out of pocket

Income$2,802Out of Pocket$2,509Mortgage P&I$4,235151%Property Taxes$9Insurance$29711%HOA$421%Management$28010%CapEx$1405%Vacancy$1686%Maintenance$1405%

Investment Breakdown

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Purchase Price

$850k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$178k

Downpayment

20%

$170k

Closing costs

1%

$8,495

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,802

Total Expenses

$5,311

Mortgage P&I

151%

$4,235

Property Taxes

0%

$9

Home Insurance

11%

$297

HOA

2%

$42

Property Management

10%

$280

CapEx

5%

$140

Vacancy

6%

$168

Maintenance

5%

$140

Other

0%

$0

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