REI Lense

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$2,894 (target)

6 Mountain Oaks Dr, Fletcher, NC 28732

3 beds • 2 baths • 1559 sqft

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This property looks like a bad Mid-Term investment with a projected -2.36% first-year return on $89,022 initial cash invested.

-2.36%

Cash On Cash

6.48%

Cap Rate

0.97

DSCR

$2,894

Rent

-$175

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,894 income − $3,069 expenses = $175 out of pocket

Income$2,894Out of Pocket$175Mortgage P&I$1,88465%Property Taxes$271%Insurance$1495%HOA$251%Management$34712%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31811%

Investment Breakdown

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Purchase Price

$338k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,022

Downpayment

20%

$67,640

Closing costs

1%

$3,382

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,894

Total Expenses

$3,069

Mortgage P&I

65%

$1,884

Property Taxes

1%

$27

Home Insurance

5%

$149

HOA

1%

$25

Property Management

12%

$347

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$318

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