REI Lense

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$3,606 (target)

1002 Fair Oaks Ln, Apex, NC 27502

3 beds • 2 baths • 1928 sqft

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This property looks like a bad Mid-Term investment with a projected -7.78% first-year return on $134k initial cash invested.

-7.78%

Cash On Cash

4.35%

Cap Rate

0.73

DSCR

$3,606

Rent

-$867

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,606 income − $4,473 expenses = $867 out of pocket

Income$3,606Out of Pocket$867Mortgage P&I$2,72075%Property Taxes$34310%Insurance$1845%Management$43312%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39711%

Investment Breakdown

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Purchase Price

$551k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$134k

Downpayment

20%

$110k

Closing costs

1%

$5,507

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,606

Total Expenses

$4,473

Mortgage P&I

75%

$2,720

Property Taxes

10%

$343

Home Insurance

5%

$184

HOA

0%

$0

Property Management

12%

$433

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$397

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