REI Lense

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$1,973 (target)

604 Allen Way, Indian Trail, NC 28079

3 beds • 2 baths • 1834 sqft

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This property looks like a bad Long-Term investment with a projected -14.81% first-year return on $78,498 initial cash invested.

-14.81%

Cash On Cash

3.78%

Cap Rate

0.57

DSCR

$1,973

Rent

-$969

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,973 income − $2,942 expenses = $969 out of pocket

Income$1,973Out of Pocket$969Mortgage P&I$2,047104%Property Taxes$1869%Insurance$19610%Management$19710%CapEx$995%Vacancy$1186%Maintenance$995%

Investment Breakdown

|

Purchase Price

$374k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,498

Downpayment

20%

$74,760

Closing costs

1%

$3,738

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,973

Total Expenses

$2,942

Mortgage P&I

104%

$2,047

Property Taxes

9%

$186

Home Insurance

10%

$196

HOA

0%

$0

Property Management

10%

$197

CapEx

5%

$99

Vacancy

6%

$118

Maintenance

5%

$99

Other

0%

$0

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