REI Lense

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$4,132 (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 Mid-Term investment with a projected -4.56% first-year return on $136k initial cash invested.

-4.56%

Cash On Cash

5.14%

Cap Rate

0.87

DSCR

$4,132

Rent

-$518

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,132 income − $4,650 expenses = $518 out of pocket

Income$4,132Out of Pocket$518Mortgage P&I$2,76867%Property Taxes$2616%Insurance$2165%Management$49612%CapEx$1654%Vacancy$1243%Maintenance$1654%Other$45511%

Investment Breakdown

|

Purchase Price

$563k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$136k

Downpayment

20%

$113k

Closing costs

1%

$5,634

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,132

Total Expenses

$4,650

Mortgage P&I

67%

$2,768

Property Taxes

6%

$261

Home Insurance

5%

$216

HOA

0%

$0

Property Management

12%

$496

CapEx

4%

$165

Vacancy

3%

$124

Maintenance

4%

$165

Other

11%

$455

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