REI Lense

REI Lense

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$2,270 (target)

4711 Myers Rd, Monroe, NC 28110

3 beds • 2 baths • 1042 sqft

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This property looks like a bad Mid-Term investment with a projected -6.72% first-year return on $90,702 initial cash invested.

-6.72%

Cash On Cash

4.43%

Cap Rate

0.75

DSCR

$2,270

Rent

-$508

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$346k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,702

Downpayment

20%

$69,240

Closing costs

1%

$3,462

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,270

Total Expenses

$2,778

Mortgage P&I

75%

$1,695

Property Taxes

8%

$189

Home Insurance

5%

$122

HOA

0%

$0

Property Management

12%

$272

CapEx

4%

$91

Vacancy

3%

$68

Maintenance

4%

$91

Other

11%

$250

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