REI Lense

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$3,038 (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 Mid-Term investment with a projected -4.54% first-year return on $106k initial cash invested.

-4.54%

Cash On Cash

5.2%

Cap Rate

0.87

DSCR

$3,038

Rent

-$400

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,038 income − $3,438 expenses = $400 out of pocket

Income$3,038Out of Pocket$400Mortgage P&I$2,09169%Property Taxes$1595%Insurance$1545%Management$36512%CapEx$1224%Vacancy$913%Maintenance$1224%Other$33411%

Investment Breakdown

|

Purchase Price

$418k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$83,660

Closing costs

1%

$4,183

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,038

Total Expenses

$3,438

Mortgage P&I

69%

$2,091

Property Taxes

5%

$159

Home Insurance

5%

$154

HOA

0%

$0

Property Management

12%

$365

CapEx

4%

$122

Vacancy

3%

$91

Maintenance

4%

$122

Other

11%

$334

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