REI Lense

REI Lense

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$3,554 (target)

120 White Cap Ln, Garner, NC 27529

3 beds • 3 baths • 2422 sqft

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This property looks like a bad Mid-Term investment with a projected -6.48% first-year return on $110k initial cash invested.

-6.48%

Cash On Cash

5.39%

Cap Rate

0.81

DSCR

$3,554

Rent

-$593

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,554 income − $4,147 expenses = $593 out of pocket

Income$3,554Out of Pocket$593Mortgage P&I$2,41568%Property Taxes$35810%Insurance$1574%HOA$9Management$42612%CapEx$1424%Vacancy$1073%Maintenance$1424%Other$39111%

Investment Breakdown

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Purchase Price

$438k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,500

Closing costs

1%

$4,375

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,554

Total Expenses

$4,147

Mortgage P&I

68%

$2,415

Property Taxes

10%

$358

Home Insurance

4%

$157

HOA

0%

$9

Property Management

12%

$426

CapEx

4%

$142

Vacancy

3%

$107

Maintenance

4%

$142

Other

11%

$391

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