REI Lense

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$2,372 (target)

52 Enochs Way #17, Fletcher, NC 28732

3 beds • 2 baths • 1341 sqft

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This property looks like a bad Long-Term investment with a projected -11.3% first-year return on $83,034 initial cash invested.

-11.3%

Cash On Cash

4.65%

Cap Rate

0.7

DSCR

$2,372

Rent

-$782

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,372 income − $3,154 expenses = $782 out of pocket

Income$2,372Out of Pocket$782Mortgage P&I$2,19593%Property Taxes$1777%Insurance$1406%HOA$251%Management$23710%CapEx$1195%Vacancy$1426%Maintenance$1195%

Investment Breakdown

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Purchase Price

$395k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,034

Downpayment

20%

$79,080

Closing costs

1%

$3,954

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,372

Total Expenses

$3,154

Mortgage P&I

93%

$2,195

Property Taxes

7%

$177

Home Insurance

6%

$140

HOA

1%

$25

Property Management

10%

$237

CapEx

5%

$119

Vacancy

6%

$142

Maintenance

5%

$119

Other

0%

$0

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