REI Lense

REI Lense

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$2,503 (target)

498 Plantation Dr, Rutherfordton, NC 28139

3 beds • 3 baths • 3490 sqft

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This property looks like a bad Long-Term investment with a projected -10.14% first-year return on $92,442 initial cash invested.

-10.14%

Cash On Cash

4.27%

Cap Rate

0.71

DSCR

$2,503

Rent

-$781

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,503 income − $3,284 expenses = $781 out of pocket

Income$2,503Out of Pocket$781Mortgage P&I$2,22489%Property Taxes$24910%Insurance$1616%Management$25010%CapEx$1255%Vacancy$1506%Maintenance$1255%

Investment Breakdown

|

Purchase Price

$440k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,442

Downpayment

20%

$88,040

Closing costs

1%

$4,402

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,503

Total Expenses

$3,284

Mortgage P&I

89%

$2,224

Property Taxes

10%

$249

Home Insurance

6%

$161

HOA

0%

$0

Property Management

10%

$250

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

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