REI Lense

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$2,150 (target)

5110 Turtle Creek Dr, Denver, NC 28037

3 beds • 2 baths • 1674 sqft

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This property looks like a bad Long-Term investment with a projected -14.12% first-year return on $84,735 initial cash invested.

-14.12%

Cash On Cash

3.34%

Cap Rate

0.56

DSCR

$2,150

Rent

-$997

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,150 income − $3,147 expenses = $997 out of pocket

Income$2,150Out of Pocket$997Mortgage P&I$2,01294%Property Taxes$20610%Insurance$1497%HOA$22010%Management$21510%CapEx$1085%Vacancy$1296%Maintenance$1085%

Investment Breakdown

|

Purchase Price

$404k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,735

Downpayment

20%

$80,700

Closing costs

1%

$4,035

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,150

Total Expenses

$3,147

Mortgage P&I

94%

$2,012

Property Taxes

10%

$206

Home Insurance

7%

$149

HOA

10%

$220

Property Management

10%

$215

CapEx

5%

$108

Vacancy

6%

$129

Maintenance

5%

$108

Other

0%

$0

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