REI Lense

REI Lense

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$2,640 (target)

581 Hicks Creek Rd, Troutman, NC 28166

3 beds • 3 baths • 1972 sqft

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This property looks like a bad Mid-Term investment with a projected -8.95% first-year return on $120k initial cash invested.

-8.95%

Cash On Cash

3.93%

Cap Rate

0.67

DSCR

$2,640

Rent

-$894

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$485k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$97,000

Closing costs

1%

$4,850

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,640

Total Expenses

$3,534

Mortgage P&I

90%

$2,375

Property Taxes

3%

$91

Home Insurance

6%

$170

HOA

0%

$0

Property Management

12%

$317

CapEx

4%

$106

Vacancy

3%

$79

Maintenance

4%

$106

Other

11%

$290

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