REI Lense

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$3,663 (target)

38 E Swift Creek Rd, Fletcher, NC 28732

3 beds • 2 baths • 1390 sqft

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This property looks like a bad Mid-Term investment with a projected -0.76% first-year return on $106k initial cash invested.

-0.76%

Cash On Cash

6.32%

Cap Rate

1.04

DSCR

$3,663

Rent

-$67

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,663 income − $3,730 expenses = $67 out of pocket

Income$3,663Out of Pocket$67Mortgage P&I$2,12358%Property Taxes$1785%Insurance$1494%HOA$331%Management$44012%CapEx$1474%Vacancy$1103%Maintenance$1474%Other$40311%

Investment Breakdown

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Purchase Price

$418k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$83,680

Closing costs

1%

$4,184

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,663

Total Expenses

$3,730

Mortgage P&I

58%

$2,123

Property Taxes

5%

$178

Home Insurance

4%

$149

HOA

1%

$33

Property Management

12%

$440

CapEx

4%

$147

Vacancy

3%

$110

Maintenance

4%

$147

Other

11%

$403

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