REI Lense

REI Lense

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$2,185 (target)

450 Starling Rd, Lake Lure, NC 28746

3 beds • 2 baths • 2154 sqft

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This property looks like a bad Long-Term investment with a projected -14.24% first-year return on $91,770 initial cash invested.

-14.24%

Cash On Cash

3.49%

Cap Rate

0.56

DSCR

$2,185

Rent

-$1,089

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,185 income − $3,274 expenses = $1,089 out of pocket

Income$2,185Out of Pocket$1,089Mortgage P&I$2,251103%Property Taxes$24411%Insurance$1587%HOA$542%Management$21810%CapEx$1095%Vacancy$1316%Maintenance$1095%

Investment Breakdown

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Purchase Price

$437k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,770

Downpayment

20%

$87,400

Closing costs

1%

$4,370

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,185

Total Expenses

$3,274

Mortgage P&I

103%

$2,251

Property Taxes

11%

$244

Home Insurance

7%

$158

HOA

2%

$54

Property Management

10%

$218

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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