REI Lense

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$2,816 (target)

5505 Hickory Leaf Ct, Mount Holly, NC 28120

3 beds • 5 baths • 3482 sqft

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This property looks like a bad Long-Term investment with a projected -18.01% first-year return on $156k initial cash invested.

-18.01%

Cash On Cash

2.56%

Cap Rate

0.42

DSCR

$2,816

Rent

-$2,346

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,816 income − $5,162 expenses = $2,346 out of pocket

Income$2,816Out of Pocket$2,346Mortgage P&I$3,794135%Property Taxes$36613%Insurance$26910%Management$28210%CapEx$1415%Vacancy$1696%Maintenance$1415%

Investment Breakdown

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Purchase Price

$744k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$156k

Downpayment

20%

$149k

Closing costs

1%

$7,443

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,816

Total Expenses

$5,162

Mortgage P&I

135%

$3,794

Property Taxes

13%

$366

Home Insurance

10%

$269

HOA

0%

$0

Property Management

10%

$282

CapEx

5%

$141

Vacancy

6%

$169

Maintenance

5%

$141

Other

0%

$0

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