REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,608 (target)

517 N Carolina Ave, Statesville, NC 28677

3 beds • 2 baths • 1452 sqft

Email

This property looks like a bad Mid-Term investment with a projected -0.48% first-year return on $74,805 initial cash invested.

-0.48%

Cash On Cash

6.99%

Cap Rate

1.05

DSCR

$2,608

Rent

-$30

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,608 income − $2,638 expenses = $30 out of pocket

Income$2,608Out of Pocket$30Mortgage P&I$1,50258%Property Taxes$1546%Insurance$964%Management$31312%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28711%

Investment Breakdown

|

Purchase Price

$271k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,805

Downpayment

20%

$54,100

Closing costs

1%

$2,705

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,608

Total Expenses

$2,638

Mortgage P&I

58%

$1,502

Property Taxes

6%

$154

Home Insurance

4%

$96

HOA

0%

$0

Property Management

12%

$313

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$287

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis