REI Lense

REI Lense

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$3,476 (target)

1109 Congressional Lane, Wilmington, NC 28411

3 beds • 3 baths • 2323 sqft

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This property looks like a bad Long-Term investment with a projected -13.02% first-year return on $145k initial cash invested.

-13.02%

Cash On Cash

3.54%

Cap Rate

0.59

DSCR

$3,476

Rent

-$1,577

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,476 income − $5,053 expenses = $1,577 out of pocket

Income$3,476Out of Pocket$1,577Mortgage P&I$3,44699%Property Taxes$1695%Insurance$2858%HOA$2487%Management$34810%CapEx$1745%Vacancy$2096%Maintenance$1745%

Investment Breakdown

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Purchase Price

$692k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$145k

Downpayment

20%

$138k

Closing costs

1%

$6,922

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,476

Total Expenses

$5,053

Mortgage P&I

99%

$3,446

Property Taxes

5%

$169

Home Insurance

8%

$285

HOA

7%

$248

Property Management

10%

$348

CapEx

5%

$174

Vacancy

6%

$209

Maintenance

5%

$174

Other

0%

$0

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