REI Lense

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$3,597 (target)

11413 Norwood Rd, Raleigh, NC 27613

3 beds • 2 baths • 1602 sqft

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This property looks like a bad Mid-Term investment with a projected -2.28% first-year return on $112k initial cash invested.

-2.28%

Cash On Cash

5.74%

Cap Rate

0.97

DSCR

$3,597

Rent

-$213

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,597 income − $3,810 expenses = $213 out of pocket

Income$3,597Out of Pocket$213Mortgage P&I$2,21662%Property Taxes$2136%Insurance$1574%Management$43212%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39611%

Investment Breakdown

|

Purchase Price

$449k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,800

Closing costs

1%

$4,490

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,597

Total Expenses

$3,810

Mortgage P&I

62%

$2,216

Property Taxes

6%

$213

Home Insurance

4%

$157

HOA

0%

$0

Property Management

12%

$432

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$396

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