REI Lense

REI Lense

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$1,582 (target)

3962 Startown Rd, Newton, NC 28658

3 beds • 2 baths • 1865 sqft

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This property looks like a bad Long-Term investment with a projected -15.1% first-year return on $73,500 initial cash invested.

-15.1%

Cash On Cash

3.3%

Cap Rate

0.53

DSCR

$1,582

Rent

-$925

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,582 income − $2,507 expenses = $925 out of pocket

Income$1,582Out of Pocket$925Mortgage P&I$1,808114%Property Taxes$16610%Insurance$1228%Management$15810%CapEx$795%Vacancy$956%Maintenance$795%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,582

Total Expenses

$2,507

Mortgage P&I

114%

$1,808

Property Taxes

10%

$166

Home Insurance

8%

$122

HOA

0%

$0

Property Management

10%

$158

CapEx

5%

$79

Vacancy

6%

$95

Maintenance

5%

$79

Other

0%

$0

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