REI Lense

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$2,216 (target)

457 Edwards Street Ext, Rutherfordton, NC 28139

3 beds • 2 baths • 1810 sqft

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This property looks like a bad Long-Term investment with a projected -16.43% first-year return on $96,117 initial cash invested.

-16.43%

Cash On Cash

3.5%

Cap Rate

0.53

DSCR

$2,216

Rent

-$1,316

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,216 income − $3,532 expenses = $1,316 out of pocket

Income$2,216Out of Pocket$1,316Mortgage P&I$2,540115%Property Taxes$25211%Insurance$1637%Management$22210%CapEx$1115%Vacancy$1336%Maintenance$1115%

Investment Breakdown

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Purchase Price

$458k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,117

Downpayment

20%

$91,540

Closing costs

1%

$4,577

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,216

Total Expenses

$3,532

Mortgage P&I

115%

$2,540

Property Taxes

11%

$252

Home Insurance

7%

$163

HOA

0%

$0

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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