REI Lense

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$2,308 (target)

2015 N Road Street, Elizabeth City, NC 27909

3 beds • 2 baths • 1925 sqft

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This property looks like a bad Mid-Term investment with a projected -1.47% first-year return on $73,230 initial cash invested.

-1.47%

Cash On Cash

6.43%

Cap Rate

1

DSCR

$2,308

Rent

-$90

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,308 income − $2,398 expenses = $90 out of pocket

Income$2,308Out of Pocket$90Mortgage P&I$1,40861%Property Taxes$1034%Insurance$1034%Management$27712%CapEx$924%Vacancy$693%Maintenance$924%Other$25411%

Investment Breakdown

|

Purchase Price

$263k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,230

Downpayment

20%

$52,600

Closing costs

1%

$2,630

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,308

Total Expenses

$2,398

Mortgage P&I

61%

$1,408

Property Taxes

4%

$103

Home Insurance

4%

$103

HOA

0%

$0

Property Management

12%

$277

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$254

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