REI Lense

REI Lense

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$4,285 (target)

406 Inverness Dr, Waynesville, NC 28785

3 beds • 3 baths • 2822 sqft

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This property looks like a bad Long-Term investment with a projected -12.97% first-year return on $186k initial cash invested.

-12.97%

Cash On Cash

3.5%

Cap Rate

0.59

DSCR

$4,285

Rent

-$2,015

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,285 income − $6,300 expenses = $2,015 out of pocket

Income$4,285Out of Pocket$2,015Mortgage P&I$4,389102%Property Taxes$3448%Insurance$3207%HOA$1343%Management$42810%CapEx$2145%Vacancy$2576%Maintenance$2145%

Investment Breakdown

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Purchase Price

$888k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$186k

Downpayment

20%

$178k

Closing costs

1%

$8,876

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,285

Total Expenses

$6,300

Mortgage P&I

102%

$4,389

Property Taxes

8%

$344

Home Insurance

7%

$320

HOA

3%

$134

Property Management

10%

$428

CapEx

5%

$214

Vacancy

6%

$257

Maintenance

5%

$214

Other

0%

$0

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