REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$3,957 (target)

58 Sourwood Dr, Mills River, NC 28759

3 beds • 3 baths • 2505 sqft

Email

This property looks like a bad Mid-Term investment with a projected -8.12% first-year return on $148k initial cash invested.

-8.12%

Cash On Cash

4.4%

Cap Rate

0.73

DSCR

$3,957

Rent

-$1,005

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,957 income − $4,962 expenses = $1,005 out of pocket

Income$3,957Out of Pocket$1,005Mortgage P&I$3,12479%Property Taxes$1774%Insurance$2226%HOA$942%Management$47512%CapEx$1584%Vacancy$1193%Maintenance$1584%Other$43511%

Investment Breakdown

|

Purchase Price

$621k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$148k

Downpayment

20%

$124k

Closing costs

1%

$6,212

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,957

Total Expenses

$4,962

Mortgage P&I

79%

$3,124

Property Taxes

4%

$177

Home Insurance

6%

$222

HOA

2%

$94

Property Management

12%

$475

CapEx

4%

$158

Vacancy

3%

$119

Maintenance

4%

$158

Other

11%

$435

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis