REI Lense

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$2,638 (target)

58 Sourwood Dr, Mills River, NC 28759

3 beds • 3 baths • 2505 sqft

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This property looks like a bad Long-Term investment with a projected -15.32% first-year return on $130k initial cash invested.

-15.32%

Cash On Cash

3.07%

Cap Rate

0.51

DSCR

$2,638

Rent

-$1,665

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,638 income − $4,303 expenses = $1,665 out of pocket

Income$2,638Out of Pocket$1,665Mortgage P&I$3,124118%Property Taxes$1777%Insurance$2228%HOA$944%Management$26410%CapEx$1325%Vacancy$1586%Maintenance$1325%

Investment Breakdown

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Purchase Price

$621k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$130k

Downpayment

20%

$124k

Closing costs

1%

$6,212

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,638

Total Expenses

$4,303

Mortgage P&I

118%

$3,124

Property Taxes

7%

$177

Home Insurance

8%

$222

HOA

4%

$94

Property Management

10%

$264

CapEx

5%

$132

Vacancy

6%

$158

Maintenance

5%

$132

Other

0%

$0

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