REI Lense

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$2,053 (target)

740 Old Fallston Rd, Cherryville, NC 28021

3 beds • 2 baths • 1938 sqft

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This property looks like a bad Long-Term investment with a projected -18.16% first-year return on $126k initial cash invested.

-18.16%

Cash On Cash

2.41%

Cap Rate

0.4

DSCR

$2,053

Rent

-$1,906

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,053 income − $3,959 expenses = $1,906 out of pocket

Income$2,053Out of Pocket$1,906Mortgage P&I$3,007146%Property Taxes$20810%Insurance$21010%Management$20510%CapEx$1035%Vacancy$1236%Maintenance$1035%

Investment Breakdown

|

Purchase Price

$600k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$120k

Closing costs

1%

$5,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,053

Total Expenses

$3,959

Mortgage P&I

146%

$3,007

Property Taxes

10%

$208

Home Insurance

10%

$210

HOA

0%

$0

Property Management

10%

$205

CapEx

5%

$103

Vacancy

6%

$123

Maintenance

5%

$103

Other

0%

$0

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