REI Lense

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$2,439 (target)

35 Meadow Pathway Dr, Fletcher, NC 28732

3 beds • 2 baths • 1688 sqft

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This property looks like a bad Long-Term investment with a projected -9.48% first-year return on $90,237 initial cash invested.

-9.48%

Cash On Cash

4.35%

Cap Rate

0.73

DSCR

$2,439

Rent

-$713

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,439 income − $3,152 expenses = $713 out of pocket

Income$2,439Out of Pocket$713Mortgage P&I$2,15088%Property Taxes$1315%Insurance$1406%HOA$974%Management$24410%CapEx$1225%Vacancy$1466%Maintenance$1225%

Investment Breakdown

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Purchase Price

$430k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,237

Downpayment

20%

$85,940

Closing costs

1%

$4,297

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,439

Total Expenses

$3,152

Mortgage P&I

88%

$2,150

Property Taxes

5%

$131

Home Insurance

6%

$140

HOA

4%

$97

Property Management

10%

$244

CapEx

5%

$122

Vacancy

6%

$146

Maintenance

5%

$122

Other

0%

$0

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