REI Lense

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$3,260 (target)

107 Gibbons Dr, Garner, NC 27529

3 beds • 3 baths • 1694 sqft

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This property looks like a bad Mid-Term investment with a projected -2.09% first-year return on $103k initial cash invested.

-2.09%

Cash On Cash

5.7%

Cap Rate

0.98

DSCR

$3,260

Rent

-$179

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,260 income − $3,439 expenses = $179 out of pocket

Income$3,260Out of Pocket$179Mortgage P&I$1,96360%Property Taxes$2247%Insurance$1444%Management$39112%CapEx$1304%Vacancy$983%Maintenance$1304%Other$35911%

Investment Breakdown

|

Purchase Price

$403k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$80,520

Closing costs

1%

$4,026

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,260

Total Expenses

$3,439

Mortgage P&I

60%

$1,963

Property Taxes

7%

$224

Home Insurance

4%

$144

HOA

0%

$0

Property Management

12%

$391

CapEx

4%

$130

Vacancy

3%

$98

Maintenance

4%

$130

Other

11%

$359

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