REI Lense

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$3,568 (target)

55 Greenwood Acres Dr, Mills River, NC 28759

3 beds • 2 baths • 1679 sqft

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This property looks like a bad Mid-Term investment with a projected -1.71% first-year return on $111k initial cash invested.

-1.71%

Cash On Cash

5.99%

Cap Rate

0.99

DSCR

$3,568

Rent

-$159

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,568 income − $3,727 expenses = $159 out of pocket

Income$3,568Out of Pocket$159Mortgage P&I$2,23563%Property Taxes$1203%Insurance$1594%Management$42812%CapEx$1434%Vacancy$1073%Maintenance$1434%Other$39211%

Investment Breakdown

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Purchase Price

$445k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$88,940

Closing costs

1%

$4,447

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,568

Total Expenses

$3,727

Mortgage P&I

63%

$2,235

Property Taxes

3%

$120

Home Insurance

4%

$159

HOA

0%

$0

Property Management

12%

$428

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$392

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