REI Lense

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$2,347 (target)

1509 Silver Elm Ln, Wendell, NC 27591

3 beds • 3 baths • 2518 sqft

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This property looks like a bad Long-Term investment with a projected -22.34% first-year return on $124k initial cash invested.

-22.34%

Cash On Cash

2.1%

Cap Rate

0.32

DSCR

$2,347

Rent

-$2,310

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,347 income − $4,657 expenses = $2,310 out of pocket

Income$2,347Out of Pocket$2,310Mortgage P&I$3,229138%Property Taxes$51622%Insurance$2029%HOA$1004%Management$23510%CapEx$1175%Vacancy$1416%Maintenance$1175%

Investment Breakdown

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Purchase Price

$591k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$118k

Closing costs

1%

$5,908

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,347

Total Expenses

$4,657

Mortgage P&I

138%

$3,229

Property Taxes

22%

$516

Home Insurance

9%

$202

HOA

4%

$100

Property Management

10%

$235

CapEx

5%

$117

Vacancy

6%

$141

Maintenance

5%

$117

Other

0%

$0

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