REI Lense

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$3,114 (target)

16 Piney Mountain Rd, Chapel Hill, NC 27514

3 beds • 2 baths • 1446 sqft

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This property looks like a bad Mid-Term investment with a projected -22.02% first-year return on $174k initial cash invested.

-22.02%

Cash On Cash

1.49%

Cap Rate

0.23

DSCR

$3,114

Rent

-$3,184

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,114 income − $6,298 expenses = $3,184 out of pocket

Income$3,114Out of Pocket$3,184Mortgage P&I$3,977128%Property Taxes$99032%Insurance$2719%Management$37412%CapEx$1254%Vacancy$933%Maintenance$1254%Other$34311%

Investment Breakdown

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Purchase Price

$741k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$174k

Downpayment

20%

$148k

Closing costs

1%

$7,407

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,114

Total Expenses

$6,298

Mortgage P&I

128%

$3,977

Property Taxes

32%

$990

Home Insurance

9%

$271

HOA

0%

$0

Property Management

12%

$374

CapEx

4%

$125

Vacancy

3%

$93

Maintenance

4%

$125

Other

11%

$343

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