REI Lense

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$2,942 (target)

3511 Randleman Rd, Iron Station, NC 28080

3 beds • 2 baths • 1800 sqft

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This property looks like a bad Mid-Term investment with a projected -5.66% first-year return on $105k initial cash invested.

-5.66%

Cash On Cash

4.92%

Cap Rate

0.82

DSCR

$2,942

Rent

-$494

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,942 income − $3,436 expenses = $494 out of pocket

Income$2,942Out of Pocket$494Mortgage P&I$2,06970%Property Taxes$2087%Insurance$1585%Management$35312%CapEx$1184%Vacancy$883%Maintenance$1184%Other$32411%

Investment Breakdown

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Purchase Price

$413k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$82,660

Closing costs

1%

$4,133

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,942

Total Expenses

$3,436

Mortgage P&I

70%

$2,069

Property Taxes

7%

$208

Home Insurance

5%

$158

HOA

0%

$0

Property Management

12%

$353

CapEx

4%

$118

Vacancy

3%

$88

Maintenance

4%

$118

Other

11%

$324

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