REI Lense

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$4,958 (target)

665 Will Robbins Ln, Newland, NC 28657

3 beds • 4 baths • 2416 sqft

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This property might be a fair Long-Term investment with a projected 9.76% first-year return on $104k initial cash invested.

9.76%

Cash On Cash

9.02%

Cap Rate

1.42

DSCR

$4,958

Rent

$844

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,958 income − $4,114 expenses = $844 cash flow

Income$4,958Mortgage P&I$2,62153%Property Taxes$711%Insurance$1333%Management$49610%CapEx$2485%Vacancy$2976%Maintenance$2485%Cash Flow$844

Investment Breakdown

|

Purchase Price

$494k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$98,780

Closing costs

1%

$4,939

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,958

Total Expenses

$4,114

Mortgage P&I

53%

$2,621

Property Taxes

1%

$71

Home Insurance

3%

$133

HOA

0%

$0

Property Management

10%

$496

CapEx

5%

$248

Vacancy

6%

$297

Maintenance

5%

$248

Other

0%

$0

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