REI Lense

REI Lense

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$2,755 (target)

103 NW 25th Street, Oak Island, NC 28465

3 beds • 2 baths • 1529 sqft

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This property looks like a bad Long-Term investment with a projected -12.24% first-year return on $118k initial cash invested.

-12.24%

Cash On Cash

3.62%

Cap Rate

0.61

DSCR

$2,755

Rent

-$1,207

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,755 income − $3,962 expenses = $1,207 out of pocket

Income$2,755Out of Pocket$1,207Mortgage P&I$2,768100%Property Taxes$2619%Insurance$2168%Management$27610%CapEx$1385%Vacancy$1656%Maintenance$1385%

Investment Breakdown

|

Purchase Price

$563k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$113k

Closing costs

1%

$5,634

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,755

Total Expenses

$3,962

Mortgage P&I

100%

$2,768

Property Taxes

9%

$261

Home Insurance

8%

$216

HOA

0%

$0

Property Management

10%

$276

CapEx

5%

$138

Vacancy

6%

$165

Maintenance

5%

$138

Other

0%

$0

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