REI Lense

REI Lense

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$1,693 (target)

109 Burnham Ct, Garner, NC 27529

3 beds • 2 baths • 1120 sqft

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This property looks like a bad Long-Term investment with a projected -6.08% first-year return on $47,733 initial cash invested.

-6.08%

Cash On Cash

5.44%

Cap Rate

0.87

DSCR

$1,693

Rent

-$242

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,693 income − $1,935 expenses = $242 out of pocket

Income$1,693Out of Pocket$242Mortgage P&I$1,18770%Property Taxes$22513%Insurance$825%Management$16910%CapEx$855%Vacancy$1026%Maintenance$855%

Investment Breakdown

|

Purchase Price

$227k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,733

Downpayment

20%

$45,460

Closing costs

1%

$2,273

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,693

Total Expenses

$1,935

Mortgage P&I

70%

$1,187

Property Taxes

13%

$225

Home Insurance

5%

$82

HOA

0%

$0

Property Management

10%

$169

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

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