REI Lense

REI Lense

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$1,515 (target)

649 Springs East Rd, Lincolnton, NC 28092

3 beds • 2 baths • 1008 sqft

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This property looks like a bad Long-Term investment with a projected -10.45% first-year return on $60,879 initial cash invested.

-10.45%

Cash On Cash

4.11%

Cap Rate

0.69

DSCR

$1,515

Rent

-$530

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,515 income − $2,045 expenses = $530 out of pocket

Income$1,515Out of Pocket$530Mortgage P&I$1,44796%Property Taxes$986%Insurance$1057%Management$15210%CapEx$765%Vacancy$916%Maintenance$765%

Investment Breakdown

|

Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,879

Downpayment

20%

$57,980

Closing costs

1%

$2,899

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,515

Total Expenses

$2,045

Mortgage P&I

96%

$1,447

Property Taxes

6%

$98

Home Insurance

7%

$105

HOA

0%

$0

Property Management

10%

$152

CapEx

5%

$76

Vacancy

6%

$91

Maintenance

5%

$76

Other

0%

$0

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