REI Lense

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$3,177 (target)

51 Sleepy Forest Dr, Leicester, NC 28748

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Mid-Term investment with a projected -1.03% first-year return on $95,784 initial cash invested.

-1.03%

Cash On Cash

6.3%

Cap Rate

1.02

DSCR

$3,177

Rent

-$82

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,177 income − $3,259 expenses = $82 out of pocket

Income$3,177Out of Pocket$82Mortgage P&I$1,90060%Property Taxes$1144%Insurance$1334%HOA$331%Management$38112%CapEx$1274%Vacancy$953%Maintenance$1274%Other$34911%

Investment Breakdown

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Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,784

Downpayment

20%

$74,080

Closing costs

1%

$3,704

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,177

Total Expenses

$3,259

Mortgage P&I

60%

$1,900

Property Taxes

4%

$114

Home Insurance

4%

$133

HOA

1%

$33

Property Management

12%

$381

CapEx

4%

$127

Vacancy

3%

$95

Maintenance

4%

$127

Other

11%

$349

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