REI Lense

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$1,719 (target)

6344 Ballard Rd, Denver, NC 28037

3 beds • 2 baths • 1539 sqft

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This property looks like a bad Long-Term investment with a projected -18.18% first-year return on $89,355 initial cash invested.

-18.18%

Cash On Cash

2.85%

Cap Rate

0.44

DSCR

$1,719

Rent

-$1,354

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,719 income − $3,073 expenses = $1,354 out of pocket

Income$1,719Out of Pocket$1,354Mortgage P&I$2,279133%Property Taxes$19812%Insurance$1499%Management$17210%CapEx$865%Vacancy$1036%Maintenance$865%

Investment Breakdown

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Purchase Price

$426k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,355

Downpayment

20%

$85,100

Closing costs

1%

$4,255

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,719

Total Expenses

$3,073

Mortgage P&I

133%

$2,279

Property Taxes

12%

$198

Home Insurance

9%

$149

HOA

0%

$0

Property Management

10%

$172

CapEx

5%

$86

Vacancy

6%

$103

Maintenance

5%

$86

Other

0%

$0

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