REI Lense

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$2,300 (target)

3674 New Leicester Hwy, Leicester, NC 28748

3 beds • 2 baths • 1288 sqft

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This property looks like a bad Long-Term investment with a projected -5.41% first-year return on $71,925 initial cash invested.

-5.41%

Cash On Cash

5.45%

Cap Rate

0.88

DSCR

$2,300

Rent

-$324

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,300 income − $2,624 expenses = $324 out of pocket

Income$2,300Out of Pocket$324Mortgage P&I$1,76477%Property Taxes$1416%Insurance$1215%Management$23010%CapEx$1155%Vacancy$1386%Maintenance$1155%

Investment Breakdown

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Purchase Price

$343k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,925

Downpayment

20%

$68,500

Closing costs

1%

$3,425

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,300

Total Expenses

$2,624

Mortgage P&I

77%

$1,764

Property Taxes

6%

$141

Home Insurance

5%

$121

HOA

0%

$0

Property Management

10%

$230

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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