REI Lense

REI Lense

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$1,535 (target)

363 Don McGinnis Rd, Lincolnton, NC 28092

3 beds • 2 baths • 1125 sqft

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This property looks like a bad Long-Term investment with a projected -10.04% first-year return on $60,606 initial cash invested.

-10.04%

Cash On Cash

4.21%

Cap Rate

0.7

DSCR

$1,535

Rent

-$507

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,535 income − $2,042 expenses = $507 out of pocket

Income$1,535Out of Pocket$507Mortgage P&I$1,44394%Property Taxes$946%Insurance$1057%Management$15410%CapEx$775%Vacancy$926%Maintenance$775%

Investment Breakdown

|

Purchase Price

$289k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,606

Downpayment

20%

$57,720

Closing costs

1%

$2,886

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,535

Total Expenses

$2,042

Mortgage P&I

94%

$1,443

Property Taxes

6%

$94

Home Insurance

7%

$105

HOA

0%

$0

Property Management

10%

$154

CapEx

5%

$77

Vacancy

6%

$92

Maintenance

5%

$77

Other

0%

$0

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