REI Lense

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$1,858 (target)

1204 Piper Ct, Hope Mills, NC 28348

3 beds • 3 baths • 1610 sqft

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This property looks like a bad Long-Term investment with a projected -5.93% first-year return on $58,233 initial cash invested.

-5.93%

Cash On Cash

5.18%

Cap Rate

0.86

DSCR

$1,858

Rent

-$288

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,858 income − $2,146 expenses = $288 out of pocket

Income$1,858Out of Pocket$288Mortgage P&I$1,39275%Property Taxes$1639%Insurance$985%HOA$101%Management$18610%CapEx$935%Vacancy$1116%Maintenance$935%

Investment Breakdown

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Purchase Price

$277k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,233

Downpayment

20%

$55,460

Closing costs

1%

$2,773

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,858

Total Expenses

$2,146

Mortgage P&I

75%

$1,392

Property Taxes

9%

$163

Home Insurance

5%

$98

HOA

1%

$10

Property Management

10%

$186

CapEx

5%

$93

Vacancy

6%

$111

Maintenance

5%

$93

Other

0%

$0

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