REI Lense

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$1,944 (target)

205 Spinel Lane, Knightdale, NC 27545

3 beds • 3 baths • 1320 sqft

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This property looks like a bad Long-Term investment with a projected -7.77% first-year return on $62,244 initial cash invested.

-7.77%

Cash On Cash

4.76%

Cap Rate

0.79

DSCR

$1,944

Rent

-$403

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,944 income − $2,347 expenses = $403 out of pocket

Income$1,944Out of Pocket$403Mortgage P&I$1,48176%Property Taxes$23912%Insurance$1166%HOA$6Management$19410%CapEx$975%Vacancy$1176%Maintenance$975%

Investment Breakdown

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Purchase Price

$296k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,244

Downpayment

20%

$59,280

Closing costs

1%

$2,964

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,944

Total Expenses

$2,347

Mortgage P&I

76%

$1,481

Property Taxes

12%

$239

Home Insurance

6%

$116

HOA

0%

$6

Property Management

10%

$194

CapEx

5%

$97

Vacancy

6%

$117

Maintenance

5%

$97

Other

0%

$0

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