REI Lense

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$2,434 (target)

121 Elfreth Ln, Spring Lake, NC 28390

3 beds • 2 baths • 1448 sqft

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This property looks like a bad Mid-Term investment with a projected -0.18% first-year return on $65,796 initial cash invested.

-0.18%

Cash On Cash

7.18%

Cap Rate

1.07

DSCR

$2,434

Rent

-$10

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,434 income − $2,444 expenses = $10 out of pocket

Income$2,434Out of Pocket$10Mortgage P&I$1,27552%Property Taxes$26211%Insurance$803%Management$29212%CapEx$974%Vacancy$733%Maintenance$974%Other$26811%

Investment Breakdown

|

Purchase Price

$228k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,796

Downpayment

20%

$45,520

Closing costs

1%

$2,276

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,434

Total Expenses

$2,444

Mortgage P&I

52%

$1,275

Property Taxes

11%

$262

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$292

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$268

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