REI Lense

REI Lense

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$2,180 (target)

129 Orville Dr, High Point, NC 27260

3 beds • 2 baths • 1126 sqft

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This property looks like a bad Mid-Term investment with a projected -1.62% first-year return on $71,739 initial cash invested.

-1.62%

Cash On Cash

5.9%

Cap Rate

0.99

DSCR

$2,180

Rent

-$97

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,180 income − $2,277 expenses = $97 out of pocket

Income$2,180Out of Pocket$97Mortgage P&I$1,26958%Property Taxes$1648%Insurance$1035%Management$26212%CapEx$874%Vacancy$653%Maintenance$874%Other$24011%

Investment Breakdown

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Purchase Price

$256k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,739

Downpayment

20%

$51,180

Closing costs

1%

$2,559

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,180

Total Expenses

$2,277

Mortgage P&I

58%

$1,269

Property Taxes

8%

$164

Home Insurance

5%

$103

HOA

0%

$0

Property Management

12%

$262

CapEx

4%

$87

Vacancy

3%

$65

Maintenance

4%

$87

Other

11%

$240

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