REI Lense

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$1,934 (target)

1612 Horton Rd, Knightdale, NC 27545

3 beds • 2 baths • 1531 sqft

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This property looks like a bad Long-Term investment with a projected -10.71% first-year return on $76,734 initial cash invested.

-10.71%

Cash On Cash

4.08%

Cap Rate

0.68

DSCR

$1,934

Rent

-$685

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,934 income − $2,619 expenses = $685 out of pocket

Income$1,934Out of Pocket$685Mortgage P&I$1,82995%Property Taxes$1568%Insurance$1317%Management$19310%CapEx$975%Vacancy$1166%Maintenance$975%

Investment Breakdown

|

Purchase Price

$365k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,734

Downpayment

20%

$73,080

Closing costs

1%

$3,654

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,934

Total Expenses

$2,619

Mortgage P&I

95%

$1,829

Property Taxes

8%

$156

Home Insurance

7%

$131

HOA

0%

$0

Property Management

10%

$193

CapEx

5%

$97

Vacancy

6%

$116

Maintenance

5%

$97

Other

0%

$0

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