REI Lense

REI Lense

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$2,685 (target)

406 Erica Ln, Franklin, NC 28734

3 beds • 2 baths • 1515 sqft

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This property looks like a bad Mid-Term investment with a projected -2.28% first-year return on $91,059 initial cash invested.

-2.28%

Cash On Cash

5.72%

Cap Rate

0.96

DSCR

$2,685

Rent

-$173

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,685 income − $2,858 expenses = $173 out of pocket

Income$2,685Out of Pocket$173Mortgage P&I$1,72564%Property Taxes$933%Insurance$1285%Management$32212%CapEx$1074%Vacancy$813%Maintenance$1074%Other$29511%

Investment Breakdown

|

Purchase Price

$348k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,059

Downpayment

20%

$69,580

Closing costs

1%

$3,479

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,685

Total Expenses

$2,858

Mortgage P&I

64%

$1,725

Property Taxes

3%

$93

Home Insurance

5%

$128

HOA

0%

$0

Property Management

12%

$322

CapEx

4%

$107

Vacancy

3%

$81

Maintenance

4%

$107

Other

11%

$295

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