REI Lense

REI Lense

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$2,148 (target)

1026 Statler Dr, Durham, NC 27703

3 beds • 3 baths • 1812 sqft

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This property looks like a bad Long-Term investment with a projected -8.82% first-year return on $67,179 initial cash invested.

-8.82%

Cash On Cash

4.73%

Cap Rate

0.77

DSCR

$2,148

Rent

-$494

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,148 income − $2,642 expenses = $494 out of pocket

Income$2,148Out of Pocket$494Mortgage P&I$1,64777%Property Taxes$30214%Insurance$1125%HOA$231%Management$21510%CapEx$1075%Vacancy$1296%Maintenance$1075%

Investment Breakdown

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Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,179

Downpayment

20%

$63,980

Closing costs

1%

$3,199

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,148

Total Expenses

$2,642

Mortgage P&I

77%

$1,647

Property Taxes

14%

$302

Home Insurance

5%

$112

HOA

1%

$23

Property Management

10%

$215

CapEx

5%

$107

Vacancy

6%

$129

Maintenance

5%

$107

Other

0%

$0

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