REI Lense

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$2,870 (target)

707 Luther Dr, Iron Station, NC 28080

3 beds • 4 baths • 3564 sqft

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This property looks like a bad Long-Term investment with a projected -15.77% first-year return on $146k initial cash invested.

-15.77%

Cash On Cash

2.89%

Cap Rate

0.49

DSCR

$2,870

Rent

-$1,921

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,870 income − $4,791 expenses = $1,921 out of pocket

Income$2,870Out of Pocket$1,921Mortgage P&I$3,453120%Property Taxes$31411%Insurance$2549%HOA$231%Management$28710%CapEx$1445%Vacancy$1726%Maintenance$1445%

Investment Breakdown

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Purchase Price

$696k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$146k

Downpayment

20%

$139k

Closing costs

1%

$6,961

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,870

Total Expenses

$4,791

Mortgage P&I

120%

$3,453

Property Taxes

11%

$314

Home Insurance

9%

$254

HOA

1%

$23

Property Management

10%

$287

CapEx

5%

$144

Vacancy

6%

$172

Maintenance

5%

$144

Other

0%

$0

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