REI Lense

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$3,506 (target)

423 Rambling Dr, Hendersonville, NC 28739

3 beds • 2 baths • 1629 sqft

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This property might be a fair Mid-Term investment with a projected 0.39% first-year return on $101k initial cash invested.

0.39%

Cash On Cash

6.55%

Cap Rate

1.09

DSCR

$3,506

Rent

$33

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,506 income − $3,473 expenses = $33 cash flow

Income$3,506Mortgage P&I$1,98757%Property Taxes$1454%Insurance$1444%HOA$5Management$42112%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38611%Cash Flow$33

Investment Breakdown

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Purchase Price

$396k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$79,180

Closing costs

1%

$3,959

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,506

Total Expenses

$3,473

Mortgage P&I

57%

$1,987

Property Taxes

4%

$145

Home Insurance

4%

$144

HOA

0%

$5

Property Management

12%

$421

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$386

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