REI Lense

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$4,545 (target)

789 Morrow Branch Rd, Leicester, NC 28748

3 beds • 3 baths • 2315 sqft

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This property looks like a bad Mid-Term investment with a projected -5.77% first-year return on $148k initial cash invested.

-5.77%

Cash On Cash

4.95%

Cap Rate

0.83

DSCR

$4,545

Rent

-$710

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,545 income − $5,255 expenses = $710 out of pocket

Income$4,545Out of Pocket$710Mortgage P&I$3,07768%Property Taxes$3448%Insurance$2896%Management$54512%CapEx$1824%Vacancy$1363%Maintenance$1824%Other$50011%

Investment Breakdown

|

Purchase Price

$618k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$148k

Downpayment

20%

$124k

Closing costs

1%

$6,176

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,545

Total Expenses

$5,255

Mortgage P&I

68%

$3,077

Property Taxes

8%

$344

Home Insurance

6%

$289

HOA

0%

$0

Property Management

12%

$545

CapEx

4%

$182

Vacancy

3%

$136

Maintenance

4%

$182

Other

11%

$500

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