REI Lense

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$2,598 (target)

3497 Blue Creek Rd, Lenoir, NC 28645

3 beds • 4 baths • 2838 sqft

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This property looks like a bad Mid-Term investment with a projected -15.83% first-year return on $170k initial cash invested.

-15.83%

Cash On Cash

2.29%

Cap Rate

0.39

DSCR

$2,598

Rent

-$2,246

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,598 income − $4,844 expenses = $2,246 out of pocket

Income$2,598Out of Pocket$2,246Mortgage P&I$3,528136%Property Taxes$1787%Insurance$25410%Management$31212%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28611%

Investment Breakdown

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Purchase Price

$725k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$170k

Downpayment

20%

$145k

Closing costs

1%

$7,250

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,598

Total Expenses

$4,844

Mortgage P&I

136%

$3,528

Property Taxes

7%

$178

Home Insurance

10%

$254

HOA

0%

$0

Property Management

12%

$312

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$286

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