REI Lense

REI Lense

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$3,642 (target)

1724 Mirabeau Ct, High Point, NC 27265

3 beds • 3 baths • 2764 sqft

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This property looks like a bad Mid-Term investment with a projected -8.58% first-year return on $123k initial cash invested.

-8.58%

Cash On Cash

4.26%

Cap Rate

0.71

DSCR

$3,642

Rent

-$879

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$500k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$99,960

Closing costs

1%

$4,998

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,642

Total Expenses

$4,521

Mortgage P&I

69%

$2,507

Property Taxes

9%

$336

Home Insurance

5%

$179

HOA

7%

$260

Property Management

12%

$437

CapEx

4%

$146

Vacancy

3%

$109

Maintenance

4%

$146

Other

11%

$401

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