REI Lense

REI Lense

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$1,839 (target)

1404 Springshire Ct, Raleigh, NC 27610

3 beds • 3 baths • 1690 sqft

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This property looks like a bad Long-Term investment with a projected -10.88% first-year return on $67,200 initial cash invested.

-10.88%

Cash On Cash

4.03%

Cap Rate

0.68

DSCR

$1,839

Rent

-$609

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,200

Downpayment

20%

$64,000

Closing costs

1%

$3,200

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,839

Total Expenses

$2,448

Mortgage P&I

87%

$1,591

Property Taxes

12%

$225

Home Insurance

6%

$112

HOA

2%

$42

Property Management

10%

$184

CapEx

5%

$92

Vacancy

6%

$110

Maintenance

5%

$92

Other

0%

$0

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