REI Lense

REI Lense

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$3,032 (target)

515 Nova Ave, High Point, NC 27265

3 beds • 2 baths • 1846 sqft

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This property looks like a bad Mid-Term investment with a projected -2.54% first-year return on $93,390 initial cash invested.

-2.54%

Cash On Cash

5.83%

Cap Rate

0.96

DSCR

$3,032

Rent

-$198

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,032 income − $3,230 expenses = $198 out of pocket

Income$3,032Out of Pocket$198Mortgage P&I$1,82260%Property Taxes$2518%Insurance$1264%Management$36412%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33411%

Investment Breakdown

|

Purchase Price

$359k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,390

Downpayment

20%

$71,800

Closing costs

1%

$3,590

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,032

Total Expenses

$3,230

Mortgage P&I

60%

$1,822

Property Taxes

8%

$251

Home Insurance

4%

$126

HOA

0%

$0

Property Management

12%

$364

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$334

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