REI Lense

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$7,437 (target)

665 Will Robbins Ln, Newland, NC 28657

3 beds • 4 baths • 2416 sqft

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This property could be a profitable Mid-Term investment with a projected 20.56% first-year return on $122k initial cash invested.

20.56%

Cash On Cash

12.16%

Cap Rate

1.91

DSCR

$7,437

Rent

$2,085

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,437 income − $5,352 expenses = $2,085 cash flow

Income$7,437Mortgage P&I$2,62135%Property Taxes$711%Insurance$1332%Management$89212%CapEx$2974%Vacancy$2233%Maintenance$2974%Other$81811%Cash Flow$2,085

Investment Breakdown

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Purchase Price

$494k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$98,780

Closing costs

1%

$4,939

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$7,437

Total Expenses

$5,352

Mortgage P&I

35%

$2,621

Property Taxes

1%

$71

Home Insurance

2%

$133

HOA

0%

$0

Property Management

12%

$892

CapEx

4%

$297

Vacancy

3%

$223

Maintenance

4%

$297

Other

11%

$818

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