REI Lense

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$2,171 (target)

1008 Scotts Ridge Trl, Apex, NC 27502

3 beds • 3 baths • 1845 sqft

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This property looks like a bad Long-Term investment with a projected -18.08% first-year return on $112k initial cash invested.

-18.08%

Cash On Cash

2.43%

Cap Rate

0.41

DSCR

$2,171

Rent

-$1,692

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,171 income − $3,863 expenses = $1,692 out of pocket

Income$2,171Out of Pocket$1,692Mortgage P&I$2,666123%Property Taxes$39318%Insurance$1899%HOA$502%Management$21710%CapEx$1095%Vacancy$1306%Maintenance$1095%

Investment Breakdown

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Purchase Price

$535k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$107k

Closing costs

1%

$5,349

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,171

Total Expenses

$3,863

Mortgage P&I

123%

$2,666

Property Taxes

18%

$393

Home Insurance

9%

$189

HOA

2%

$50

Property Management

10%

$217

CapEx

5%

$109

Vacancy

6%

$130

Maintenance

5%

$109

Other

0%

$0

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