REI Lense

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$3,558 (target)

4300 Legacy Dr, Denver, NC 28037

3 beds • 2 baths • 1660 sqft

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This property looks like a bad Mid-Term investment with a projected -3.64% first-year return on $102k initial cash invested.

-3.64%

Cash On Cash

6.16%

Cap Rate

0.92

DSCR

$3,558

Rent

-$310

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,558 income − $3,868 expenses = $310 out of pocket

Income$3,558Out of Pocket$310Mortgage P&I$2,22863%Property Taxes$2126%Insurance$1494%HOA$702%Management$42712%CapEx$1424%Vacancy$1073%Maintenance$1424%Other$39111%

Investment Breakdown

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Purchase Price

$401k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$80,260

Closing costs

1%

$4,013

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,558

Total Expenses

$3,868

Mortgage P&I

63%

$2,228

Property Taxes

6%

$212

Home Insurance

4%

$149

HOA

2%

$70

Property Management

12%

$427

CapEx

4%

$142

Vacancy

3%

$107

Maintenance

4%

$142

Other

11%

$391

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