REI Lense

REI Lense

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$1,802 (target)

118 Pearce Pl, Raeford, NC 28376

3 beds • 2 baths • 1580 sqft

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This property looks like a bad Long-Term investment with a projected -3.94% first-year return on $49,350 initial cash invested.

-3.94%

Cash On Cash

6.11%

Cap Rate

0.94

DSCR

$1,802

Rent

-$162

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,802 income − $1,964 expenses = $162 out of pocket

Income$1,802Out of Pocket$162Mortgage P&I$1,26870%Property Taxes$1468%Insurance$825%Management$18010%CapEx$905%Vacancy$1086%Maintenance$905%

Investment Breakdown

|

Purchase Price

$235k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,350

Downpayment

20%

$47,000

Closing costs

1%

$2,350

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,802

Total Expenses

$1,964

Mortgage P&I

70%

$1,268

Property Taxes

8%

$146

Home Insurance

5%

$82

HOA

0%

$0

Property Management

10%

$180

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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