REI Lense

REI Lense

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$2,256 (target)

753 Bolens Creek Rd, Burnsville, NC 28714

3 beds • 3 baths • 1567 sqft

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This property looks like a bad Long-Term investment with a projected -11.64% first-year return on $95,424 initial cash invested.

-11.64%

Cash On Cash

3.7%

Cap Rate

0.63

DSCR

$2,256

Rent

-$926

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,256 income − $3,182 expenses = $926 out of pocket

Income$2,256Out of Pocket$926Mortgage P&I$2,21598%Property Taxes$2129%Insurance$1687%Management$22610%CapEx$1135%Vacancy$1356%Maintenance$1135%

Investment Breakdown

|

Purchase Price

$454k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,424

Downpayment

20%

$90,880

Closing costs

1%

$4,544

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,256

Total Expenses

$3,182

Mortgage P&I

98%

$2,215

Property Taxes

9%

$212

Home Insurance

7%

$168

HOA

0%

$0

Property Management

10%

$226

CapEx

5%

$113

Vacancy

6%

$135

Maintenance

5%

$113

Other

0%

$0

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