REI Lense

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$2,064 (target)

6006 Waterfalls Rd, Lenoir, NC 28645

3 beds • 3 baths • 2238 sqft

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This property looks like a bad Long-Term investment with a projected -16.73% first-year return on $106k initial cash invested.

-16.73%

Cash On Cash

2.87%

Cap Rate

0.47

DSCR

$2,064

Rent

-$1,483

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,064 income − $3,547 expenses = $1,483 out of pocket

Income$2,064Out of Pocket$1,483Mortgage P&I$2,592126%Property Taxes$22711%Insurance$1929%Management$20610%CapEx$1035%Vacancy$1246%Maintenance$1035%

Investment Breakdown

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Purchase Price

$507k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$101k

Closing costs

1%

$5,066

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,064

Total Expenses

$3,547

Mortgage P&I

126%

$2,592

Property Taxes

11%

$227

Home Insurance

9%

$192

HOA

0%

$0

Property Management

10%

$206

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

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