REI Lense

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$6,428 (target)

406 Inverness Dr, Waynesville, NC 28785

3 beds • 3 baths • 2822 sqft

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This property looks like a bad Mid-Term investment with a projected -5.54% first-year return on $204k initial cash invested.

-5.54%

Cash On Cash

5%

Cap Rate

0.84

DSCR

$6,428

Rent

-$944

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,428 income − $7,372 expenses = $944 out of pocket

Income$6,428Out of Pocket$944Mortgage P&I$4,38968%Property Taxes$3445%Insurance$3205%HOA$1342%Management$77112%CapEx$2574%Vacancy$1933%Maintenance$2574%Other$70711%

Investment Breakdown

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Purchase Price

$888k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$204k

Downpayment

20%

$178k

Closing costs

1%

$8,876

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,428

Total Expenses

$7,372

Mortgage P&I

68%

$4,389

Property Taxes

5%

$344

Home Insurance

5%

$320

HOA

2%

$134

Property Management

12%

$771

CapEx

4%

$257

Vacancy

3%

$193

Maintenance

4%

$257

Other

11%

$707

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