REI Lense

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$2,931 (target)

11 Glen Ridge Ct, Angier, NC 27501

3 beds • 3 baths • 1725 sqft

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This property looks like a bad Mid-Term investment with a projected -0.89% first-year return on $85,977 initial cash invested.

-0.89%

Cash On Cash

6.26%

Cap Rate

1.03

DSCR

$2,931

Rent

-$64

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,931 income − $2,995 expenses = $64 out of pocket

Income$2,931Out of Pocket$64Mortgage P&I$1,63656%Property Taxes$2478%Insurance$1164%Management$35212%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32211%

Investment Breakdown

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Purchase Price

$324k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,977

Downpayment

20%

$64,740

Closing costs

1%

$3,237

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,931

Total Expenses

$2,995

Mortgage P&I

56%

$1,636

Property Taxes

8%

$247

Home Insurance

4%

$116

HOA

0%

$0

Property Management

12%

$352

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$322

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