REI Lense

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$1,929 (target)

6 Mountain Oaks Dr, Fletcher, NC 28732

3 beds • 2 baths • 1559 sqft

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This property looks like a bad Long-Term investment with a projected -11.1% first-year return on $71,022 initial cash invested.

-11.1%

Cash On Cash

4.69%

Cap Rate

0.7

DSCR

$1,929

Rent

-$657

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,929 income − $2,586 expenses = $657 out of pocket

Income$1,929Out of Pocket$657Mortgage P&I$1,88498%Property Taxes$271%Insurance$1498%HOA$251%Management$19310%CapEx$965%Vacancy$1166%Maintenance$965%

Investment Breakdown

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Purchase Price

$338k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,022

Downpayment

20%

$67,640

Closing costs

1%

$3,382

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,929

Total Expenses

$2,586

Mortgage P&I

98%

$1,884

Property Taxes

1%

$27

Home Insurance

8%

$149

HOA

1%

$25

Property Management

10%

$193

CapEx

5%

$96

Vacancy

6%

$116

Maintenance

5%

$96

Other

0%

$0

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