REI Lense

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$2,274 (target)

38 Bee Tree Ln, Mars Hill, NC 28754

3 beds • 3 baths • 2587 sqft

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This property looks like a bad Long-Term investment with a projected -14.45% first-year return on $93,240 initial cash invested.

-14.45%

Cash On Cash

3.43%

Cap Rate

0.56

DSCR

$2,274

Rent

-$1,123

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,274 income − $3,397 expenses = $1,123 out of pocket

Income$2,274Out of Pocket$1,123Mortgage P&I$2,278100%Property Taxes$2109%Insurance$1557%HOA$1637%Management$22710%CapEx$1145%Vacancy$1366%Maintenance$1145%

Investment Breakdown

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Purchase Price

$444k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,240

Downpayment

20%

$88,800

Closing costs

1%

$4,440

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,274

Total Expenses

$3,397

Mortgage P&I

100%

$2,278

Property Taxes

9%

$210

Home Insurance

7%

$155

HOA

7%

$163

Property Management

10%

$227

CapEx

5%

$114

Vacancy

6%

$136

Maintenance

5%

$114

Other

0%

$0

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