REI Lense

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$2,025 (target)

1906 Sunshine Ct, Hope Mills, NC 28348

3 beds • 3 baths • 2275 sqft

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This property looks like a bad Long-Term investment with a projected -6.14% first-year return on $63,504 initial cash invested.

-6.14%

Cash On Cash

5.22%

Cap Rate

0.85

DSCR

$2,025

Rent

-$325

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,025 income − $2,350 expenses = $325 out of pocket

Income$2,025Out of Pocket$325Mortgage P&I$1,53976%Property Taxes$1789%Insurance$1075%Management$20210%CapEx$1015%Vacancy$1226%Maintenance$1015%

Investment Breakdown

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Purchase Price

$302k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,504

Downpayment

20%

$60,480

Closing costs

1%

$3,024

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,025

Total Expenses

$2,350

Mortgage P&I

76%

$1,539

Property Taxes

9%

$178

Home Insurance

5%

$107

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$122

Maintenance

5%

$101

Other

0%

$0

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