REI Lense

REI Lense

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$1,692 (target)

1047 Smith Rd, Smithfield, NC 27577

3 beds • 2 baths • 1370 sqft

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This property looks like a bad Long-Term investment with a projected -10.43% first-year return on $64,344 initial cash invested.

-10.43%

Cash On Cash

4.16%

Cap Rate

0.69

DSCR

$1,692

Rent

-$559

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,692 income − $2,251 expenses = $559 out of pocket

Income$1,692Out of Pocket$559Mortgage P&I$1,53591%Property Taxes$16510%Insurance$1107%Management$16910%CapEx$855%Vacancy$1026%Maintenance$855%

Investment Breakdown

|

Purchase Price

$306k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,344

Downpayment

20%

$61,280

Closing costs

1%

$3,064

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,692

Total Expenses

$2,251

Mortgage P&I

91%

$1,535

Property Taxes

10%

$165

Home Insurance

7%

$110

HOA

0%

$0

Property Management

10%

$169

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

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