REI Lense

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$2,319 (target)

1505 W Front St, Burlington, NC 27215

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Mid-Term investment with a projected -2.91% first-year return on $77,115 initial cash invested.

-2.91%

Cash On Cash

5.96%

Cap Rate

0.94

DSCR

$2,319

Rent

-$187

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,319 income − $2,506 expenses = $187 out of pocket

Income$2,319Out of Pocket$187Mortgage P&I$1,49164%Property Taxes$1647%Insurance$623%Management$27812%CapEx$934%Vacancy$703%Maintenance$934%Other$25511%

Investment Breakdown

|

Purchase Price

$282k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,115

Downpayment

20%

$56,300

Closing costs

1%

$2,815

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,319

Total Expenses

$2,506

Mortgage P&I

64%

$1,491

Property Taxes

7%

$164

Home Insurance

3%

$62

HOA

0%

$0

Property Management

12%

$278

CapEx

4%

$93

Vacancy

3%

$70

Maintenance

4%

$93

Other

11%

$255

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