REI Lense

REI Lense

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$2,997 (target)

115 Lakeview Ct, Garner, NC 27529

3 beds • 2 baths • 1546 sqft

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This property looks like a bad Mid-Term investment with a projected -4.01% first-year return on $93,096 initial cash invested.

-4.01%

Cash On Cash

5.98%

Cap Rate

0.9

DSCR

$2,997

Rent

-$311

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,997 income − $3,308 expenses = $311 out of pocket

Income$2,997Out of Pocket$311Mortgage P&I$1,97466%Property Taxes$1876%Insurance$1274%Management$36012%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33011%

Investment Breakdown

|

Purchase Price

$358k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,096

Downpayment

20%

$71,520

Closing costs

1%

$3,576

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,997

Total Expenses

$3,308

Mortgage P&I

66%

$1,974

Property Taxes

6%

$187

Home Insurance

4%

$127

HOA

0%

$0

Property Management

12%

$360

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$330

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