REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$3,978 (target)

1101 E Oak Island Drive, Oak Island, NC 28465

3 beds • 2 baths • 1294 sqft

Email

This property might be a fair Mid-Term investment with a projected 2.78% first-year return on $104k initial cash invested.

2.78%

Cash On Cash

7.22%

Cap Rate

1.19

DSCR

$3,978

Rent

$242

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,978 income − $3,736 expenses = $242 cash flow

Income$3,978Mortgage P&I$2,07752%Property Taxes$1223%Insurance$1855%Management$47712%CapEx$1594%Vacancy$1193%Maintenance$1594%Other$43811%Cash Flow$242

Investment Breakdown

|

Purchase Price

$412k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$82,380

Closing costs

1%

$4,119

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,978

Total Expenses

$3,736

Mortgage P&I

52%

$2,077

Property Taxes

3%

$122

Home Insurance

5%

$185

HOA

0%

$0

Property Management

12%

$477

CapEx

4%

$159

Vacancy

3%

$119

Maintenance

4%

$159

Other

11%

$438

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis