REI Lense

REI Lense

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$2,173 (target)

107 Gibbons Dr, Garner, NC 27529

3 beds • 3 baths • 1694 sqft

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This property looks like a bad Long-Term investment with a projected -10.26% first-year return on $84,546 initial cash invested.

-10.26%

Cash On Cash

4.02%

Cap Rate

0.69

DSCR

$2,173

Rent

-$723

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,173 income − $2,896 expenses = $723 out of pocket

Income$2,173Out of Pocket$723Mortgage P&I$1,96390%Property Taxes$22410%Insurance$1447%Management$21710%CapEx$1095%Vacancy$1306%Maintenance$1095%

Investment Breakdown

|

Purchase Price

$403k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,546

Downpayment

20%

$80,520

Closing costs

1%

$4,026

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,173

Total Expenses

$2,896

Mortgage P&I

90%

$1,963

Property Taxes

10%

$224

Home Insurance

7%

$144

HOA

0%

$0

Property Management

10%

$217

CapEx

5%

$109

Vacancy

6%

$130

Maintenance

5%

$109

Other

0%

$0

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