REI Lense

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$1,854 (target)

1502 Woodland Rd, Garner, NC 27529

3 beds • 2 baths • 1456 sqft

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This property looks like a bad Long-Term investment with a projected -8.44% first-year return on $64,722 initial cash invested.

-8.44%

Cash On Cash

4.38%

Cap Rate

0.76

DSCR

$1,854

Rent

-$455

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,854 income − $2,309 expenses = $455 out of pocket

Income$1,854Out of Pocket$455Mortgage P&I$1,48680%Property Taxes$23112%Insurance$1106%Management$18510%CapEx$935%Vacancy$1116%Maintenance$935%

Investment Breakdown

|

Purchase Price

$308k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,722

Downpayment

20%

$61,640

Closing costs

1%

$3,082

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,854

Total Expenses

$2,309

Mortgage P&I

80%

$1,486

Property Taxes

12%

$231

Home Insurance

6%

$110

HOA

0%

$0

Property Management

10%

$185

CapEx

5%

$93

Vacancy

6%

$111

Maintenance

5%

$93

Other

0%

$0

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