REI Lense

REI Lense

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$2,172 (target)

1820 Caracara Drive, New Bern, NC 28560

3 beds • 2 baths • 1434 sqft

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This property looks like a bad Long-Term investment with a projected -2% first-year return on $59,388 initial cash invested.

-2%

Cash On Cash

5.98%

Cap Rate

1.01

DSCR

$2,172

Rent

-$99

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,172 income − $2,271 expenses = $99 out of pocket

Income$2,172Out of Pocket$99Mortgage P&I$1,40064%Property Taxes$814%Insurance$1015%HOA$1246%Management$21710%CapEx$1095%Vacancy$1306%Maintenance$1095%

Investment Breakdown

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Purchase Price

$283k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,388

Downpayment

20%

$56,560

Closing costs

1%

$2,828

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,172

Total Expenses

$2,271

Mortgage P&I

64%

$1,400

Property Taxes

4%

$81

Home Insurance

5%

$101

HOA

6%

$124

Property Management

10%

$217

CapEx

5%

$109

Vacancy

6%

$130

Maintenance

5%

$109

Other

0%

$0

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