REI Lense

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$2,118 (target)

51 Sleepy Forest Dr, Leicester, NC 28748

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Long-Term investment with a projected -9.46% first-year return on $77,784 initial cash invested.

-9.46%

Cash On Cash

4.51%

Cap Rate

0.73

DSCR

$2,118

Rent

-$613

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,118 income − $2,731 expenses = $613 out of pocket

Income$2,118Out of Pocket$613Mortgage P&I$1,90090%Property Taxes$1145%Insurance$1336%HOA$332%Management$21210%CapEx$1065%Vacancy$1276%Maintenance$1065%

Investment Breakdown

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Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,784

Downpayment

20%

$74,080

Closing costs

1%

$3,704

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,118

Total Expenses

$2,731

Mortgage P&I

90%

$1,900

Property Taxes

5%

$114

Home Insurance

6%

$133

HOA

2%

$33

Property Management

10%

$212

CapEx

5%

$106

Vacancy

6%

$127

Maintenance

5%

$106

Other

0%

$0

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