REI Lense

REI Lense

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$1,722 (target)

825 Pine Ridge Road, Banner Elk, NC 28604

3 beds • 2 baths • 1217 sqft

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This property looks like a bad Long-Term investment with a projected -13.88% first-year return on $77,490 initial cash invested.

-13.88%

Cash On Cash

3.37%

Cap Rate

0.56

DSCR

$1,722

Rent

-$896

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,722 income − $2,618 expenses = $896 out of pocket

Income$1,722Out of Pocket$896Mortgage P&I$1,845107%Property Taxes$19711%Insurance$1297%Management$17210%CapEx$865%Vacancy$1036%Maintenance$865%

Investment Breakdown

|

Purchase Price

$369k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,490

Downpayment

20%

$73,800

Closing costs

1%

$3,690

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,722

Total Expenses

$2,618

Mortgage P&I

107%

$1,845

Property Taxes

11%

$197

Home Insurance

7%

$129

HOA

0%

$0

Property Management

10%

$172

CapEx

5%

$86

Vacancy

6%

$103

Maintenance

5%

$86

Other

0%

$0

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