REI Lense

REI Lense

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$1,644 (target)

136 Middle Landing Dr, Smithfield, NC 27577

3 beds • 2 baths • 1304 sqft

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This property looks like a bad Long-Term investment with a projected -9.93% first-year return on $61,782 initial cash invested.

-9.93%

Cash On Cash

4.25%

Cap Rate

0.71

DSCR

$1,644

Rent

-$511

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,644 income − $2,155 expenses = $511 out of pocket

Income$1,644Out of Pocket$511Mortgage P&I$1,47189%Property Taxes$1479%Insurance$1056%HOA$5Management$16410%CapEx$825%Vacancy$996%Maintenance$825%

Investment Breakdown

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Purchase Price

$294k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,782

Downpayment

20%

$58,840

Closing costs

1%

$2,942

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,644

Total Expenses

$2,155

Mortgage P&I

89%

$1,471

Property Taxes

9%

$147

Home Insurance

6%

$105

HOA

0%

$5

Property Management

10%

$164

CapEx

5%

$82

Vacancy

6%

$99

Maintenance

5%

$82

Other

0%

$0

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