REI Lense

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$3,542 (target)

8 Wedgewood Dr, Mills River, NC 28759

3 beds • 3 baths • 2032 sqft

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This property looks like a bad Mid-Term investment with a projected 0% first-year return on $105k initial cash invested.

0%

Cash On Cash

6.42%

Cap Rate

1.07

DSCR

$3,542

Rent

$0

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,542 income − $3,542 expenses = $0 cash flow

Income$3,542Mortgage P&I$2,07559%Property Taxes$963%Insurance$1665%Management$42512%CapEx$1424%Vacancy$1063%Maintenance$1424%Other$39011%

Investment Breakdown

|

Purchase Price

$415k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$82,940

Closing costs

1%

$4,147

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,542

Total Expenses

$3,542

Mortgage P&I

59%

$2,075

Property Taxes

3%

$96

Home Insurance

5%

$166

HOA

0%

$0

Property Management

12%

$425

CapEx

4%

$142

Vacancy

3%

$106

Maintenance

4%

$142

Other

11%

$390

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