REI Lense

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$2,469 (target)

84 Greenwood Acres Dr, Mills River, NC 28759

3 beds • 2 baths • 1878 sqft

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This property looks like a bad Long-Term investment with a projected -12.14% first-year return on $110k initial cash invested.

-12.14%

Cash On Cash

3.76%

Cap Rate

0.62

DSCR

$2,469

Rent

-$1,112

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,469 income − $3,581 expenses = $1,112 out of pocket

Income$2,469Out of Pocket$1,112Mortgage P&I$2,628106%Property Taxes$1225%Insurance$1908%Management$24710%CapEx$1235%Vacancy$1486%Maintenance$1235%

Investment Breakdown

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Purchase Price

$524k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$105k

Closing costs

1%

$5,235

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,469

Total Expenses

$3,581

Mortgage P&I

106%

$2,628

Property Taxes

5%

$122

Home Insurance

8%

$190

HOA

0%

$0

Property Management

10%

$247

CapEx

5%

$123

Vacancy

6%

$148

Maintenance

5%

$123

Other

0%

$0

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