REI Lense

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$3,248 (target)

62 W Haywood Dr, Canton, NC 28716

3 beds • 2 baths • 1844 sqft

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This property looks like a bad Mid-Term investment with a projected -4.48% first-year return on $110k initial cash invested.

-4.48%

Cash On Cash

5.43%

Cap Rate

0.88

DSCR

$3,248

Rent

-$410

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,248 income − $3,658 expenses = $410 out of pocket

Income$3,248Out of Pocket$410Mortgage P&I$2,26170%Property Taxes$1374%Insurance$1565%Management$39012%CapEx$1304%Vacancy$973%Maintenance$1304%Other$35711%

Investment Breakdown

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Purchase Price

$438k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,520

Closing costs

1%

$4,376

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,248

Total Expenses

$3,658

Mortgage P&I

70%

$2,261

Property Taxes

4%

$137

Home Insurance

5%

$156

HOA

0%

$0

Property Management

12%

$390

CapEx

4%

$130

Vacancy

3%

$97

Maintenance

4%

$130

Other

11%

$357

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