REI Lense

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204 Bloomington Lane, Wilmington, NC 28411

3 beds • 2 baths • 1607 sqft

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This property looks like a bad Airbnb investment with a projected -8.88% first-year return on $109k initial cash invested.

-8.88%

Cash On Cash

4.14%

Cap Rate

0.69

DSCR

$3,198

Rent

-$806

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$433k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$86,600

Closing costs

1%

$4,330

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,198

Total Expenses

$4,004

Mortgage P&I

68%

$2,172

Property Taxes

4%

$132

Home Insurance

5%

$164

HOA

0%

$0

Property Management

15%

$480

CapEx

4%

$128

Vacancy

0%

$0

Maintenance

4%

$128

Other

25%

$800

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