REI Lense

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$3,294 (target)

58 Poplar Dr, Mills River, NC 28759

3 beds • 3 baths • 2736 sqft

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This property looks like a bad Long-Term investment with a projected -16.16% first-year return on $181k initial cash invested.

-16.16%

Cash On Cash

2.75%

Cap Rate

0.47

DSCR

$3,294

Rent

-$2,434

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,294 income − $5,728 expenses = $2,434 out of pocket

Income$3,294Out of Pocket$2,434Mortgage P&I$4,245129%Property Taxes$2227%Insurance$3109%HOA$943%Management$32910%CapEx$1655%Vacancy$1986%Maintenance$1655%

Investment Breakdown

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Purchase Price

$861k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$181k

Downpayment

20%

$172k

Closing costs

1%

$8,609

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,294

Total Expenses

$5,728

Mortgage P&I

129%

$4,245

Property Taxes

7%

$222

Home Insurance

9%

$310

HOA

3%

$94

Property Management

10%

$329

CapEx

5%

$165

Vacancy

6%

$198

Maintenance

5%

$165

Other

0%

$0

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