REI Lense

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$5,214 (target)

1109 Congressional Lane, Wilmington, NC 28411

3 beds • 3 baths • 2323 sqft

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This property looks like a bad Mid-Term investment with a projected -5.2% first-year return on $163k initial cash invested.

-5.2%

Cash On Cash

5.11%

Cap Rate

0.86

DSCR

$5,214

Rent

-$708

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,214 income − $5,922 expenses = $708 out of pocket

Income$5,214Out of Pocket$708Mortgage P&I$3,44666%Property Taxes$1693%Insurance$2855%HOA$2485%Management$62612%CapEx$2094%Vacancy$1563%Maintenance$2094%Other$57411%

Investment Breakdown

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Purchase Price

$692k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$163k

Downpayment

20%

$138k

Closing costs

1%

$6,922

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,214

Total Expenses

$5,922

Mortgage P&I

66%

$3,446

Property Taxes

3%

$169

Home Insurance

5%

$285

HOA

5%

$248

Property Management

12%

$626

CapEx

4%

$209

Vacancy

3%

$156

Maintenance

4%

$209

Other

11%

$574

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