REI Lense

REI Lense

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$3,795 (target)

121 Colquitt Drive, Wilmington, NC 28412

3 beds • 3 baths • 2698 sqft

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This property looks like a bad Mid-Term investment with a projected -7.09% first-year return on $146k initial cash invested.

-7.09%

Cash On Cash

4.44%

Cap Rate

0.76

DSCR

$3,795

Rent

-$863

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$610k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$146k

Downpayment

20%

$122k

Closing costs

1%

$6,101

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,795

Total Expenses

$4,658

Mortgage P&I

78%

$2,969

Property Taxes

4%

$165

Home Insurance

6%

$219

HOA

0%

$15

Property Management

12%

$455

CapEx

4%

$152

Vacancy

3%

$114

Maintenance

4%

$152

Other

11%

$417

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