REI Lense

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$2,920 (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 Mid-Term investment with a projected -6.19% first-year return on $103k initial cash invested.

-6.19%

Cash On Cash

4.91%

Cap Rate

0.8

DSCR

$2,920

Rent

-$532

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,920 income − $3,452 expenses = $532 out of pocket

Income$2,920Out of Pocket$532Mortgage P&I$2,07671%Property Taxes$2147%Insurance$1445%HOA$251%Management$35012%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32111%

Investment Breakdown

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Purchase Price

$406k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$81,120

Closing costs

1%

$4,056

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,920

Total Expenses

$3,452

Mortgage P&I

71%

$2,076

Property Taxes

7%

$214

Home Insurance

5%

$144

HOA

1%

$25

Property Management

12%

$350

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$321

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