REI Lense

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$3,801 (target)

1704 Drift Falls Ln, Wendell, NC 27591

3 beds • 3 baths • 2271 sqft

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This property looks like a bad Mid-Term investment with a projected -7.87% first-year return on $132k initial cash invested.

-7.87%

Cash On Cash

4.26%

Cap Rate

0.73

DSCR

$3,801

Rent

-$864

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,801 income − $4,665 expenses = $864 out of pocket

Income$3,801Out of Pocket$864Mortgage P&I$2,63769%Property Taxes$42611%Insurance$2106%HOA$1003%Management$45612%CapEx$1524%Vacancy$1143%Maintenance$1524%Other$41811%

Investment Breakdown

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Purchase Price

$542k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$132k

Downpayment

20%

$108k

Closing costs

1%

$5,419

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,801

Total Expenses

$4,665

Mortgage P&I

69%

$2,637

Property Taxes

11%

$426

Home Insurance

6%

$210

HOA

3%

$100

Property Management

12%

$456

CapEx

4%

$152

Vacancy

3%

$114

Maintenance

4%

$152

Other

11%

$418

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