REI Lense

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$2,777 (target)

455 Avery Ln, Newland, NC 28657

3 beds • 2 baths • 2901 sqft

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This property looks like a bad Long-Term investment with a projected -18.42% first-year return on $184k initial cash invested.

-18.42%

Cash On Cash

2.44%

Cap Rate

0.4

DSCR

$2,777

Rent

-$2,820

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,777 income − $5,597 expenses = $2,820 out of pocket

Income$2,777Out of Pocket$2,820Mortgage P&I$4,457160%Property Taxes$1114%Insurance$30611%Management$27810%CapEx$1395%Vacancy$1676%Maintenance$1395%

Investment Breakdown

|

Purchase Price

$875k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$184k

Downpayment

20%

$175k

Closing costs

1%

$8,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,777

Total Expenses

$5,597

Mortgage P&I

161%

$4,457

Property Taxes

4%

$111

Home Insurance

11%

$306

HOA

0%

$0

Property Management

10%

$278

CapEx

5%

$139

Vacancy

6%

$167

Maintenance

5%

$139

Other

0%

$0

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