REI Lense

REI Lense

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$2,724 (target)

1021 N Mineral Springs Rd, Durham, NC 27703

3 beds • 2 baths • 2302 sqft

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This property looks like a bad Mid-Term investment with a projected -8.97% first-year return on $113k initial cash invested.

-8.97%

Cash On Cash

4.02%

Cap Rate

0.67

DSCR

$2,724

Rent

-$841

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,000

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,724

Total Expenses

$3,565

Mortgage P&I

82%

$2,238

Property Taxes

9%

$242

Home Insurance

6%

$158

HOA

0%

$0

Property Management

12%

$327

CapEx

4%

$109

Vacancy

3%

$82

Maintenance

4%

$109

Other

11%

$300

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