REI Lense

REI Lense

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$2,054 (target)

1025 Long Branch Rd, Smithfield, NC 27577

3 beds • 3 baths • 2052 sqft

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This property looks like a bad Long-Term investment with a projected -8.27% first-year return on $71,400 initial cash invested.

-8.27%

Cash On Cash

4.6%

Cap Rate

0.77

DSCR

$2,054

Rent

-$492

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,054 income − $2,546 expenses = $492 out of pocket

Income$2,054Out of Pocket$492Mortgage P&I$1,69282%Property Taxes$20110%Insurance$1196%Management$20510%CapEx$1035%Vacancy$1236%Maintenance$1035%

Investment Breakdown

|

Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,400

Downpayment

20%

$68,000

Closing costs

1%

$3,400

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,054

Total Expenses

$2,546

Mortgage P&I

82%

$1,692

Property Taxes

10%

$201

Home Insurance

6%

$119

HOA

0%

$0

Property Management

10%

$205

CapEx

5%

$103

Vacancy

6%

$123

Maintenance

5%

$103

Other

0%

$0

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