REI Lense

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$1,495 (target)

7863 Overhills Rd, Spring Lake, NC 28390

3 beds • 2 baths • 1458 sqft

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This property looks like a bad Long-Term investment with a projected -9.38% first-year return on $50,673 initial cash invested.

-9.38%

Cash On Cash

4.97%

Cap Rate

0.76

DSCR

$1,495

Rent

-$396

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,495 income − $1,891 expenses = $396 out of pocket

Income$1,495Out of Pocket$396Mortgage P&I$1,32088%Property Taxes$1067%Insurance$755%Management$15010%CapEx$755%Vacancy$906%Maintenance$755%

Investment Breakdown

|

Purchase Price

$241k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,673

Downpayment

20%

$48,260

Closing costs

1%

$2,413

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,495

Total Expenses

$1,891

Mortgage P&I

88%

$1,320

Property Taxes

7%

$106

Home Insurance

5%

$75

HOA

0%

$0

Property Management

10%

$150

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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