REI Lense

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$1,962 (target)

1495 Miriam Ave, Garner, NC 27529

3 beds • 3 baths • 1625 sqft

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This property looks like a bad Long-Term investment with a projected -14.26% first-year return on $76,902 initial cash invested.

-14.26%

Cash On Cash

3.48%

Cap Rate

0.57

DSCR

$1,962

Rent

-$914

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,962 income − $2,876 expenses = $914 out of pocket

Income$1,962Out of Pocket$914Mortgage P&I$1,87896%Property Taxes$35718%Insurance$1317%Management$19610%CapEx$985%Vacancy$1186%Maintenance$985%

Investment Breakdown

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Purchase Price

$366k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,902

Downpayment

20%

$73,240

Closing costs

1%

$3,662

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,962

Total Expenses

$2,876

Mortgage P&I

96%

$1,878

Property Taxes

18%

$357

Home Insurance

7%

$131

HOA

0%

$0

Property Management

10%

$196

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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