REI Lense

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$1,659 (target)

1101 S Walnut Dr, Smithfield, NC 27577

3 beds • 2 baths • 1780 sqft

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This property looks like a bad Long-Term investment with a projected -9.21% first-year return on $57,750 initial cash invested.

-9.21%

Cash On Cash

4.58%

Cap Rate

0.74

DSCR

$1,659

Rent

-$443

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,659 income − $2,102 expenses = $443 out of pocket

Income$1,659Out of Pocket$443Mortgage P&I$1,40985%Property Taxes$16510%Insurance$966%Management$16610%CapEx$835%Vacancy$1006%Maintenance$835%

Investment Breakdown

|

Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,750

Downpayment

20%

$55,000

Closing costs

1%

$2,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,659

Total Expenses

$2,102

Mortgage P&I

85%

$1,409

Property Taxes

10%

$165

Home Insurance

6%

$96

HOA

0%

$0

Property Management

10%

$166

CapEx

5%

$83

Vacancy

6%

$100

Maintenance

5%

$83

Other

0%

$0

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