REI Lense

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$1,947 (target)

541 Spruce Meadows Ln, Willow Spring, NC 27592

3 beds • 2 baths • 1746 sqft

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This property looks like a bad Long-Term investment with a projected -14.34% first-year return on $85,176 initial cash invested.

-14.34%

Cash On Cash

3.42%

Cap Rate

0.56

DSCR

$1,947

Rent

-$1,018

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,947 income − $2,965 expenses = $1,018 out of pocket

Income$1,947Out of Pocket$1,018Mortgage P&I$2,076107%Property Taxes$21411%Insurance$1447%HOA$251%Management$19510%CapEx$975%Vacancy$1176%Maintenance$975%

Investment Breakdown

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Purchase Price

$406k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,176

Downpayment

20%

$81,120

Closing costs

1%

$4,056

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,947

Total Expenses

$2,965

Mortgage P&I

107%

$2,076

Property Taxes

11%

$214

Home Insurance

7%

$144

HOA

1%

$25

Property Management

10%

$195

CapEx

5%

$97

Vacancy

6%

$117

Maintenance

5%

$97

Other

0%

$0

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