REI Lense

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$2,055 (target)

117 Ham Rd, Hope Mills, NC 28348

3 beds • 3 baths • 2336 sqft

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This property looks like a bad Long-Term investment with a projected -10.64% first-year return on $76,125 initial cash invested.

-10.64%

Cash On Cash

4.21%

Cap Rate

0.69

DSCR

$2,055

Rent

-$675

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,055 income − $2,730 expenses = $675 out of pocket

Income$2,055Out of Pocket$675Mortgage P&I$1,84590%Property Taxes$22011%Insurance$1306%Management$20610%CapEx$1035%Vacancy$1236%Maintenance$1035%

Investment Breakdown

|

Purchase Price

$363k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,125

Downpayment

20%

$72,500

Closing costs

1%

$3,625

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,055

Total Expenses

$2,730

Mortgage P&I

90%

$1,845

Property Taxes

11%

$220

Home Insurance

6%

$130

HOA

0%

$0

Property Management

10%

$206

CapEx

5%

$103

Vacancy

6%

$123

Maintenance

5%

$103

Other

0%

$0

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