REI Lense

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$1,907 (target)

47 Stone Cottage Rd, Mars Hill, NC 28754

3 beds • 2 baths • 1276 sqft

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This property looks like a bad Long-Term investment with a projected -11.33% first-year return on $75,600 initial cash invested.

-11.33%

Cash On Cash

4.1%

Cap Rate

0.67

DSCR

$1,907

Rent

-$714

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,907 income − $2,621 expenses = $714 out of pocket

Income$1,907Out of Pocket$714Mortgage P&I$1,85097%Property Taxes$1508%Insurance$1267%Management$19110%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

|

Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,600

Downpayment

20%

$72,000

Closing costs

1%

$3,600

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,907

Total Expenses

$2,621

Mortgage P&I

97%

$1,850

Property Taxes

8%

$150

Home Insurance

7%

$126

HOA

0%

$0

Property Management

10%

$191

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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