REI Lense

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$3,384 (target)

753 Bolens Creek Rd, Burnsville, NC 28714

3 beds • 3 baths • 1567 sqft

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This property looks like a bad Mid-Term investment with a projected -3.82% first-year return on $113k initial cash invested.

-3.82%

Cash On Cash

5.25%

Cap Rate

0.9

DSCR

$3,384

Rent

-$361

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,384 income − $3,745 expenses = $361 out of pocket

Income$3,384Out of Pocket$361Mortgage P&I$2,21565%Property Taxes$2126%Insurance$1685%Management$40612%CapEx$1354%Vacancy$1023%Maintenance$1354%Other$37211%

Investment Breakdown

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Purchase Price

$454k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,880

Closing costs

1%

$4,544

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,384

Total Expenses

$3,745

Mortgage P&I

65%

$2,215

Property Taxes

6%

$212

Home Insurance

5%

$168

HOA

0%

$0

Property Management

12%

$406

CapEx

4%

$135

Vacancy

3%

$102

Maintenance

4%

$135

Other

11%

$372

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