REI Lense

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$1,950 (target)

1304 Cane Creek Dr, Garner, NC 27529

3 beds • 2 baths • 1408 sqft

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This property looks like a bad Long-Term investment with a projected -10.35% first-year return on $68,775 initial cash invested.

-10.35%

Cash On Cash

4.16%

Cap Rate

0.7

DSCR

$1,950

Rent

-$593

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,950 income − $2,543 expenses = $593 out of pocket

Income$1,950Out of Pocket$593Mortgage P&I$1,63084%Property Taxes$26614%Insurance$1196%HOA$201%Management$19510%CapEx$985%Vacancy$1176%Maintenance$985%

Investment Breakdown

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Purchase Price

$328k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,775

Downpayment

20%

$65,500

Closing costs

1%

$3,275

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,950

Total Expenses

$2,543

Mortgage P&I

84%

$1,630

Property Taxes

14%

$266

Home Insurance

6%

$119

HOA

1%

$20

Property Management

10%

$195

CapEx

5%

$98

Vacancy

6%

$117

Maintenance

5%

$98

Other

0%

$0

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