REI Lense

REI Lense

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$3,148 (target)

5400 Berrywood Ln, Monroe, NC 28110

3 beds • 3 baths • 2736 sqft

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This property looks like a bad Long-Term investment with a projected -9.27% first-year return on $119k initial cash invested.

-9.27%

Cash On Cash

4.36%

Cap Rate

0.73

DSCR

$3,148

Rent

-$922

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,148 income − $4,070 expenses = $922 out of pocket

Income$3,148Out of Pocket$922Mortgage P&I$2,82990%Property Taxes$2398%Insurance$1846%Management$31510%CapEx$1575%Vacancy$1896%Maintenance$1575%

Investment Breakdown

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Purchase Price

$568k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$114k

Closing costs

1%

$5,682

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,148

Total Expenses

$4,070

Mortgage P&I

90%

$2,829

Property Taxes

8%

$239

Home Insurance

6%

$184

HOA

0%

$0

Property Management

10%

$315

CapEx

5%

$157

Vacancy

6%

$189

Maintenance

5%

$157

Other

0%

$0

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