REI Lense

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$2,652 (target)

1101 E Oak Island Drive, Oak Island, NC 28465

3 beds • 2 baths • 1294 sqft

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This property looks like a bad Long-Term investment with a projected -5.85% first-year return on $86,499 initial cash invested.

-5.85%

Cash On Cash

5.21%

Cap Rate

0.86

DSCR

$2,652

Rent

-$422

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,652 income − $3,074 expenses = $422 out of pocket

Income$2,652Out of Pocket$422Mortgage P&I$2,07778%Property Taxes$1225%Insurance$1857%Management$26510%CapEx$1335%Vacancy$1596%Maintenance$1335%

Investment Breakdown

|

Purchase Price

$412k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,499

Downpayment

20%

$82,380

Closing costs

1%

$4,119

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,652

Total Expenses

$3,074

Mortgage P&I

78%

$2,077

Property Taxes

5%

$122

Home Insurance

7%

$185

HOA

0%

$0

Property Management

10%

$265

CapEx

5%

$133

Vacancy

6%

$159

Maintenance

5%

$133

Other

0%

$0

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