REI Lense

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$2,889 (target)

1013 New Chester Ct, Apex, NC 27502

3 beds • 3 baths • 2401 sqft

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This property looks like a bad Long-Term investment with a projected -17.39% first-year return on $146k initial cash invested.

-17.39%

Cash On Cash

2.57%

Cap Rate

0.43

DSCR

$2,889

Rent

-$2,121

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,889 income − $5,010 expenses = $2,121 out of pocket

Income$2,889Out of Pocket$2,121Mortgage P&I$3,470120%Property Taxes$50918%Insurance$2489%HOA$331%Management$28910%CapEx$1445%Vacancy$1736%Maintenance$1445%

Investment Breakdown

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Purchase Price

$697k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$146k

Downpayment

20%

$139k

Closing costs

1%

$6,970

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,889

Total Expenses

$5,010

Mortgage P&I

120%

$3,470

Property Taxes

18%

$509

Home Insurance

9%

$248

HOA

1%

$33

Property Management

10%

$289

CapEx

5%

$144

Vacancy

6%

$173

Maintenance

5%

$144

Other

0%

$0

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