REI Lense

REI Lense

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$2,025 (target)

9612 Mill Grove Rd, Indian Trail, NC 28079

3 beds • 3 baths • 1691 sqft

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This property looks like a bad Long-Term investment with a projected -12.36% first-year return on $87,843 initial cash invested.

-12.36%

Cash On Cash

3.69%

Cap Rate

0.62

DSCR

$2,025

Rent

-$905

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,025 income − $2,930 expenses = $905 out of pocket

Income$2,025Out of Pocket$905Mortgage P&I$2,091103%Property Taxes$1598%Insurance$1548%Management$20210%CapEx$1015%Vacancy$1226%Maintenance$1015%

Investment Breakdown

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Purchase Price

$418k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,843

Downpayment

20%

$83,660

Closing costs

1%

$4,183

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,025

Total Expenses

$2,930

Mortgage P&I

103%

$2,091

Property Taxes

8%

$159

Home Insurance

8%

$154

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$122

Maintenance

5%

$101

Other

0%

$0

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