REI Lense

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$2,857 (target)

1915 Wheeler Bridge Rd, Burlington, NC 27215

3 beds • 4 baths • 3461 sqft

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This property looks like a bad Long-Term investment with a projected -21.57% first-year return on $191k initial cash invested.

-21.57%

Cash On Cash

1.75%

Cap Rate

0.29

DSCR

$2,857

Rent

-$3,426

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,857 income − $6,283 expenses = $3,426 out of pocket

Income$2,857Out of Pocket$3,426Mortgage P&I$4,608161%Property Taxes$44716%Insurance$48517%Management$28610%CapEx$1435%Vacancy$1716%Maintenance$1435%

Investment Breakdown

|

Purchase Price

$908k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$191k

Downpayment

20%

$182k

Closing costs

1%

$9,077

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,857

Total Expenses

$6,283

Mortgage P&I

161%

$4,608

Property Taxes

16%

$447

Home Insurance

17%

$485

HOA

0%

$0

Property Management

10%

$286

CapEx

5%

$143

Vacancy

6%

$171

Maintenance

5%

$143

Other

0%

$0

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