REI Lense

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$2,521 (target)

1125 Red Gate Rd, Mebane, NC 27302

3 beds • 2 baths • 2831 sqft

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This property looks like a bad Long-Term investment with a projected -24.49% first-year return on $195k initial cash invested.

-24.49%

Cash On Cash

1.61%

Cap Rate

0.24

DSCR

$2,521

Rent

-$3,974

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,521 income − $6,495 expenses = $3,974 out of pocket

Income$2,521Out of Pocket$3,974Mortgage P&I$5,089202%Property Taxes$40616%Insurance$34514%Management$25210%CapEx$1265%Vacancy$1516%Maintenance$1265%

Investment Breakdown

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Purchase Price

$927k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$195k

Downpayment

20%

$185k

Closing costs

1%

$9,274

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,521

Total Expenses

$6,495

Mortgage P&I

202%

$5,089

Property Taxes

16%

$406

Home Insurance

14%

$345

HOA

0%

$0

Property Management

10%

$252

CapEx

5%

$126

Vacancy

6%

$151

Maintenance

5%

$126

Other

0%

$0

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