REI Lense

REI Lense

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$1,147 (target)

513 Bost Rd, Morganton, NC 28655

3 beds • 2 baths • 1716 sqft

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This property looks like a bad Long-Term investment with a projected -15.3% first-year return on $61,950 initial cash invested.

-15.3%

Cash On Cash

2.9%

Cap Rate

0.49

DSCR

$1,147

Rent

-$790

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,950

Downpayment

20%

$59,000

Closing costs

1%

$2,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,147

Total Expenses

$1,937

Mortgage P&I

126%

$1,445

Property Taxes

8%

$91

Home Insurance

9%

$103

HOA

0%

$0

Property Management

10%

$115

CapEx

5%

$57

Vacancy

6%

$69

Maintenance

5%

$57

Other

0%

$0

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