REI Lense

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$2,624 (target)

107 Cherry Ct, Clayton, NC 27520

3 beds • 2 baths • 1334 sqft

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This property looks like a bad Mid-Term investment with a projected -3.65% first-year return on $88,812 initial cash invested.

-3.65%

Cash On Cash

5.55%

Cap Rate

0.9

DSCR

$2,624

Rent

-$270

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,624 income − $2,894 expenses = $270 out of pocket

Income$2,624Out of Pocket$270Mortgage P&I$1,72566%Property Taxes$1546%Insurance$1225%Management$31512%CapEx$1054%Vacancy$793%Maintenance$1054%Other$28911%

Investment Breakdown

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Purchase Price

$337k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,812

Downpayment

20%

$67,440

Closing costs

1%

$3,372

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,624

Total Expenses

$2,894

Mortgage P&I

66%

$1,725

Property Taxes

6%

$154

Home Insurance

5%

$122

HOA

0%

$0

Property Management

12%

$315

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$289

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