REI Lense

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$2,127 (target)

950 Cedar Cove Rd, Henderson, NC 27537

3 beds • 2 baths • 1520 sqft

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This property looks like a bad Mid-Term investment with a projected -15.77% first-year return on $150k initial cash invested.

-15.77%

Cash On Cash

2.32%

Cap Rate

0.39

DSCR

$2,127

Rent

-$1,970

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,127 income − $4,097 expenses = $1,970 out of pocket

Income$2,127Out of Pocket$1,970Mortgage P&I$3,099146%Property Taxes$442%Insurance$23111%Management$25512%CapEx$854%Vacancy$643%Maintenance$854%Other$23411%

Investment Breakdown

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Purchase Price

$628k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$150k

Downpayment

20%

$126k

Closing costs

1%

$6,281

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,127

Total Expenses

$4,097

Mortgage P&I

146%

$3,099

Property Taxes

2%

$44

Home Insurance

11%

$231

HOA

0%

$0

Property Management

12%

$255

CapEx

4%

$85

Vacancy

3%

$64

Maintenance

4%

$85

Other

11%

$234

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