REI Lense

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$1,793 (target)

383 Lee Ave, Lexington, NC 27295

3 beds • 3 baths • 1587 sqft

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This property looks like a bad Long-Term investment with a projected -16.02% first-year return on $77,742 initial cash invested.

-16.02%

Cash On Cash

3.61%

Cap Rate

0.54

DSCR

$1,793

Rent

-$1,038

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,793 income − $2,831 expenses = $1,038 out of pocket

Income$1,793Out of Pocket$1,038Mortgage P&I$2,061115%Property Taxes$17210%Insurance$1317%Management$17910%CapEx$905%Vacancy$1086%Maintenance$905%

Investment Breakdown

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Purchase Price

$370k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,742

Downpayment

20%

$74,040

Closing costs

1%

$3,702

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,793

Total Expenses

$2,831

Mortgage P&I

115%

$2,061

Property Taxes

10%

$172

Home Insurance

7%

$131

HOA

0%

$0

Property Management

10%

$179

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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