REI Lense

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$2,386 (target)

1002 Apache Ln, Apex, NC 27502

3 beds • 3 baths • 1858 sqft

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This property looks like a bad Long-Term investment with a projected -14.57% first-year return on $113k initial cash invested.

-14.57%

Cash On Cash

3.1%

Cap Rate

0.53

DSCR

$2,386

Rent

-$1,377

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,386 income − $3,763 expenses = $1,377 out of pocket

Income$2,386Out of Pocket$1,377Mortgage P&I$2,655111%Property Taxes$29913%Insurance$1898%Management$23910%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

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Purchase Price

$540k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$108k

Closing costs

1%

$5,400

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,386

Total Expenses

$3,763

Mortgage P&I

111%

$2,655

Property Taxes

13%

$299

Home Insurance

8%

$189

HOA

0%

$0

Property Management

10%

$239

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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