REI Lense

REI Lense

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$1,975 (target)

188 E Ridge Court, Jacksonville, NC 28540

3 beds • 3 baths • 2226 sqft

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This property looks like a bad Long-Term investment with a projected -9.15% first-year return on $73,605 initial cash invested.

-9.15%

Cash On Cash

4.42%

Cap Rate

0.74

DSCR

$1,975

Rent

-$561

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,975 income − $2,536 expenses = $561 out of pocket

Income$1,975Out of Pocket$561Mortgage P&I$1,75489%Property Taxes$1427%Insurance$1266%Management$19810%CapEx$995%Vacancy$1186%Maintenance$995%

Investment Breakdown

|

Purchase Price

$351k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,605

Downpayment

20%

$70,100

Closing costs

1%

$3,505

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,975

Total Expenses

$2,536

Mortgage P&I

89%

$1,754

Property Taxes

7%

$142

Home Insurance

6%

$126

HOA

0%

$0

Property Management

10%

$198

CapEx

5%

$99

Vacancy

6%

$118

Maintenance

5%

$99

Other

0%

$0

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