REI Lense

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$3,423 (target)

69 Milburn Ln, Hendersonville, NC 28792

3 beds • 3 baths • 1798 sqft

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This property looks like a bad Mid-Term investment with a projected -7.82% first-year return on $132k initial cash invested.

-7.82%

Cash On Cash

4.42%

Cap Rate

0.73

DSCR

$3,423

Rent

-$859

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,423 income − $4,282 expenses = $859 out of pocket

Income$3,423Out of Pocket$859Mortgage P&I$2,71879%Property Taxes$1655%Insurance$1966%HOA$381%Management$41112%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37711%

Investment Breakdown

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Purchase Price

$542k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$132k

Downpayment

20%

$108k

Closing costs

1%

$5,418

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,423

Total Expenses

$4,282

Mortgage P&I

79%

$2,718

Property Taxes

5%

$165

Home Insurance

6%

$196

HOA

1%

$38

Property Management

12%

$411

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$377

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