REI Lense

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$2,925 (target)

1304 Cane Creek Dr, Garner, NC 27529

3 beds • 2 baths • 1408 sqft

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This property looks like a bad Mid-Term investment with a projected -1.45% first-year return on $86,775 initial cash invested.

-1.45%

Cash On Cash

6.02%

Cap Rate

1.01

DSCR

$2,925

Rent

-$105

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,925 income − $3,030 expenses = $105 out of pocket

Income$2,925Out of Pocket$105Mortgage P&I$1,63056%Property Taxes$2669%Insurance$1194%HOA$201%Management$35112%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32211%

Investment Breakdown

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Purchase Price

$328k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,775

Downpayment

20%

$65,500

Closing costs

1%

$3,275

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,925

Total Expenses

$3,030

Mortgage P&I

56%

$1,630

Property Taxes

9%

$266

Home Insurance

4%

$119

HOA

1%

$20

Property Management

12%

$351

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$322

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