REI Lense

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$2,607 (target)

1616 Drift Falls Ln, Wendell, NC 27591

3 beds • 3 baths • 2494 sqft

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This property looks like a bad Long-Term investment with a projected -12.27% first-year return on $93,786 initial cash invested.

-12.27%

Cash On Cash

3.77%

Cap Rate

0.63

DSCR

$2,607

Rent

-$959

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,607 income − $3,566 expenses = $959 out of pocket

Income$2,607Out of Pocket$959Mortgage P&I$2,23286%Property Taxes$39915%Insurance$1586%HOA$1004%Management$26110%CapEx$1305%Vacancy$1566%Maintenance$1305%

Investment Breakdown

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Purchase Price

$447k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,786

Downpayment

20%

$89,320

Closing costs

1%

$4,466

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,607

Total Expenses

$3,566

Mortgage P&I

86%

$2,232

Property Taxes

15%

$399

Home Insurance

6%

$158

HOA

4%

$100

Property Management

10%

$261

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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