REI Lense

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$3,189 (target)

5 Summer Savory Ct, Flat Rock, NC 28731

3 beds • 3 baths • 1853 sqft

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This property looks like a bad Mid-Term investment with a projected -5.91% first-year return on $112k initial cash invested.

-5.91%

Cash On Cash

5.06%

Cap Rate

0.82

DSCR

$3,189

Rent

-$554

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,189 income − $3,743 expenses = $554 out of pocket

Income$3,189Out of Pocket$554Mortgage P&I$2,32373%Property Taxes$1384%Insurance$1575%HOA$391%Management$38312%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35111%

Investment Breakdown

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Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,900

Closing costs

1%

$4,495

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,189

Total Expenses

$3,743

Mortgage P&I

73%

$2,323

Property Taxes

4%

$138

Home Insurance

5%

$157

HOA

1%

$39

Property Management

12%

$383

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$351

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