REI Lense

REI Lense

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$2,064 (target)

16 Loganberry Ave, Bunnlevel, NC 28323

3 beds • 3 baths • 1953 sqft

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This property looks like a bad Long-Term investment with a projected -6.48% first-year return on $64,659 initial cash invested.

-6.48%

Cash On Cash

5.13%

Cap Rate

0.84

DSCR

$2,064

Rent

-$349

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,064 income − $2,413 expenses = $349 out of pocket

Income$2,064Out of Pocket$349Mortgage P&I$1,56276%Property Taxes$1909%Insurance$1085%HOA$171%Management$20610%CapEx$1035%Vacancy$1246%Maintenance$1035%

Investment Breakdown

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Purchase Price

$308k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,659

Downpayment

20%

$61,580

Closing costs

1%

$3,079

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,064

Total Expenses

$2,413

Mortgage P&I

76%

$1,562

Property Taxes

9%

$190

Home Insurance

5%

$108

HOA

1%

$17

Property Management

10%

$206

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

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