REI Lense

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$2,607 (target)

566 Nathan McDaniel Dr, Nebo, NC 28761

3 beds • 3 baths • 1860 sqft

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This property looks like a bad Long-Term investment with a projected -16.09% first-year return on $122k initial cash invested.

-16.09%

Cash On Cash

3.3%

Cap Rate

0.51

DSCR

$2,607

Rent

-$1,637

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,607 income − $4,244 expenses = $1,637 out of pocket

Income$2,607Out of Pocket$1,637Mortgage P&I$3,105119%Property Taxes$1968%Insurance$2108%HOA$562%Management$26110%CapEx$1305%Vacancy$1566%Maintenance$1305%

Investment Breakdown

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Purchase Price

$581k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$116k

Closing costs

1%

$5,812

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,607

Total Expenses

$4,244

Mortgage P&I

119%

$3,105

Property Taxes

8%

$196

Home Insurance

8%

$210

HOA

2%

$56

Property Management

10%

$261

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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