REI Lense

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$2,570 (target)

477 Locust Dr, Maggie Valley, NC 28751

3 beds • 3 baths • 2060 sqft

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This property looks like a bad Long-Term investment with a projected -16.42% first-year return on $141k initial cash invested.

-16.42%

Cash On Cash

2.89%

Cap Rate

0.47

DSCR

$2,570

Rent

-$1,936

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,570 income − $4,506 expenses = $1,936 out of pocket

Income$2,570Out of Pocket$1,936Mortgage P&I$3,433134%Property Taxes$1596%Insurance$24510%HOA$2Management$25710%CapEx$1285%Vacancy$1546%Maintenance$1285%

Investment Breakdown

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Purchase Price

$674k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$141k

Downpayment

20%

$135k

Closing costs

1%

$6,736

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,570

Total Expenses

$4,506

Mortgage P&I

134%

$3,433

Property Taxes

6%

$159

Home Insurance

10%

$245

HOA

0%

$2

Property Management

10%

$257

CapEx

5%

$128

Vacancy

6%

$154

Maintenance

5%

$128

Other

0%

$0

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