REI Lense

REI Lense

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$2,242 (target)

209 Devon Fields Dr, Holly Springs, NC 27540

3 beds • 3 baths • 1966 sqft

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This property looks like a bad Long-Term investment with a projected -14.61% first-year return on $94,290 initial cash invested.

-14.61%

Cash On Cash

3.2%

Cap Rate

0.54

DSCR

$2,242

Rent

-$1,148

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,242 income − $3,390 expenses = $1,148 out of pocket

Income$2,242Out of Pocket$1,148Mortgage P&I$2,235100%Property Taxes$34315%Insurance$1577%HOA$723%Management$22410%CapEx$1125%Vacancy$1356%Maintenance$1125%

Investment Breakdown

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Purchase Price

$449k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,290

Downpayment

20%

$89,800

Closing costs

1%

$4,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,242

Total Expenses

$3,390

Mortgage P&I

100%

$2,235

Property Taxes

15%

$343

Home Insurance

7%

$157

HOA

3%

$72

Property Management

10%

$224

CapEx

5%

$112

Vacancy

6%

$135

Maintenance

5%

$112

Other

0%

$0

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