REI Lense

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$2,608 (target)

122 Fox Chase Ln, Smithfield, NC 27577

3 beds • 2 baths • 1351 sqft

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This property looks like a bad Mid-Term investment with a projected -5.71% first-year return on $90,198 initial cash invested.

-5.71%

Cash On Cash

5.44%

Cap Rate

0.83

DSCR

$2,608

Rent

-$429

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,608 income − $3,037 expenses = $429 out of pocket

Income$2,608Out of Pocket$429Mortgage P&I$1,88372%Property Taxes$1466%Insurance$1225%Management$31312%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28711%

Investment Breakdown

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Purchase Price

$344k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,198

Downpayment

20%

$68,760

Closing costs

1%

$3,438

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,608

Total Expenses

$3,037

Mortgage P&I

72%

$1,883

Property Taxes

6%

$146

Home Insurance

5%

$122

HOA

0%

$0

Property Management

12%

$313

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$287

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