REI Lense

REI Lense

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$2,398 (target)

455 Rocky Springs Hts, Burnsville, NC 28714

3 beds • 3 baths • 2153 sqft

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This property looks like a bad Long-Term investment with a projected -12.59% first-year return on $108k initial cash invested.

-12.59%

Cash On Cash

3.57%

Cap Rate

0.6

DSCR

$2,398

Rent

-$1,132

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,398 income − $3,530 expenses = $1,132 out of pocket

Income$2,398Out of Pocket$1,132Mortgage P&I$2,542106%Property Taxes$1727%Insurance$1928%Management$24010%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

|

Purchase Price

$514k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$103k

Closing costs

1%

$5,136

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,398

Total Expenses

$3,530

Mortgage P&I

106%

$2,542

Property Taxes

7%

$172

Home Insurance

8%

$192

HOA

0%

$0

Property Management

10%

$240

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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