REI Lense

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$2,242 (target)

7863 Overhills Rd, Spring Lake, NC 28390

3 beds • 2 baths • 1458 sqft

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This property looks like a bad Mid-Term investment with a projected -0.38% first-year return on $68,673 initial cash invested.

-0.38%

Cash On Cash

6.9%

Cap Rate

1.05

DSCR

$2,242

Rent

-$22

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,242 income − $2,264 expenses = $22 out of pocket

Income$2,242Out of Pocket$22Mortgage P&I$1,32059%Property Taxes$1065%Insurance$753%Management$26912%CapEx$904%Vacancy$673%Maintenance$904%Other$24711%

Investment Breakdown

|

Purchase Price

$241k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,673

Downpayment

20%

$48,260

Closing costs

1%

$2,413

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,242

Total Expenses

$2,264

Mortgage P&I

59%

$1,320

Property Taxes

5%

$106

Home Insurance

3%

$75

HOA

0%

$0

Property Management

12%

$269

CapEx

4%

$90

Vacancy

3%

$67

Maintenance

4%

$90

Other

11%

$247

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