REI Lense

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$2,769 (target)

409 Helton Rd, Cherryville, NC 28021

3 beds • 2 baths • 1781 sqft

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This property might be a fair Mid-Term investment with a projected 0.35% first-year return on $78,522 initial cash invested.

0.35%

Cash On Cash

7.05%

Cap Rate

1.09

DSCR

$2,769

Rent

$23

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,769 income − $2,746 expenses = $23 cash flow

Income$2,769Mortgage P&I$1,56056%Property Taxes$1666%Insurance$783%Management$33212%CapEx$1114%Vacancy$833%Maintenance$1114%Other$30511%Cash Flow$23

Investment Breakdown

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Purchase Price

$288k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,522

Downpayment

20%

$57,640

Closing costs

1%

$2,882

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,769

Total Expenses

$2,746

Mortgage P&I

56%

$1,560

Property Taxes

6%

$166

Home Insurance

3%

$78

HOA

0%

$0

Property Management

12%

$332

CapEx

4%

$111

Vacancy

3%

$83

Maintenance

4%

$111

Other

11%

$305

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