REI Lense

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$1,687 (target)

415 Massey Deal Rd, Statesville, NC 28625

3 beds • 2 baths • 1792 sqft

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This property looks like a bad Long-Term investment with a projected -8.72% first-year return on $57,813 initial cash invested.

-8.72%

Cash On Cash

4.69%

Cap Rate

0.76

DSCR

$1,687

Rent

-$420

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,687 income − $2,107 expenses = $420 out of pocket

Income$1,687Out of Pocket$420Mortgage P&I$1,41384%Property Taxes$1589%Insurance$986%Management$16910%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

|

Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,813

Downpayment

20%

$55,060

Closing costs

1%

$2,753

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,687

Total Expenses

$2,107

Mortgage P&I

84%

$1,413

Property Taxes

9%

$158

Home Insurance

6%

$98

HOA

0%

$0

Property Management

10%

$169

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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