REI Lense

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$2,733 (target)

119 E Altoona St, Nags Head, NC 27959

3 beds • 2 baths • 1620 sqft

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This property looks like a bad Long-Term investment with a projected -20.47% first-year return on $208k initial cash invested.

-20.47%

Cash On Cash

1.97%

Cap Rate

0.32

DSCR

$2,733

Rent

-$3,542

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,733 income − $6,275 expenses = $3,542 out of pocket

Income$2,733Out of Pocket$3,542Mortgage P&I$5,032184%Property Taxes$1867%Insurance$34613%Management$27310%CapEx$1375%Vacancy$1646%Maintenance$1375%

Investment Breakdown

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Purchase Price

$989k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$208k

Downpayment

20%

$198k

Closing costs

1%

$9,890

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,733

Total Expenses

$6,275

Mortgage P&I

184%

$5,032

Property Taxes

7%

$186

Home Insurance

13%

$346

HOA

0%

$0

Property Management

10%

$273

CapEx

5%

$137

Vacancy

6%

$164

Maintenance

5%

$137

Other

0%

$0

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