REI Lense

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$1,896 (target)

3953 Will Proctor St, Denver, NC 28037

3 beds • 2 baths • 1263 sqft

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This property looks like a bad Long-Term investment with a projected -9.15% first-year return on $69,909 initial cash invested.

-9.15%

Cash On Cash

4.41%

Cap Rate

0.74

DSCR

$1,896

Rent

-$533

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,896 income − $2,429 expenses = $533 out of pocket

Income$1,896Out of Pocket$533Mortgage P&I$1,66288%Property Taxes$1598%Insurance$1146%Management$19010%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

|

Purchase Price

$333k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,909

Downpayment

20%

$66,580

Closing costs

1%

$3,329

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,896

Total Expenses

$2,429

Mortgage P&I

88%

$1,662

Property Taxes

8%

$159

Home Insurance

6%

$114

HOA

0%

$0

Property Management

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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