REI Lense

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$2,632 (target)

118 Westlake Dr, Wendell, NC 27591

3 beds • 2 baths • 1677 sqft

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This property looks like a bad Mid-Term investment with a projected -6.62% first-year return on $91,920 initial cash invested.

-6.62%

Cash On Cash

5.29%

Cap Rate

0.79

DSCR

$2,632

Rent

-$507

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,632 income − $3,139 expenses = $507 out of pocket

Income$2,632Out of Pocket$507Mortgage P&I$1,95474%Property Taxes$1646%Insurance$1265%Management$31612%CapEx$1054%Vacancy$793%Maintenance$1054%Other$29011%

Investment Breakdown

|

Purchase Price

$352k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,920

Downpayment

20%

$70,400

Closing costs

1%

$3,520

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,632

Total Expenses

$3,139

Mortgage P&I

74%

$1,954

Property Taxes

6%

$164

Home Insurance

5%

$126

HOA

0%

$0

Property Management

12%

$316

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$290

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