REI Lense

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$3,363 (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 Mid-Term investment with a projected -6.29% first-year return on $112k initial cash invested.

-6.29%

Cash On Cash

4.76%

Cap Rate

0.8

DSCR

$3,363

Rent

-$589

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,363 income − $3,952 expenses = $589 out of pocket

Income$3,363Out of Pocket$589Mortgage P&I$2,23566%Property Taxes$34310%Insurance$1575%HOA$722%Management$40412%CapEx$1354%Vacancy$1013%Maintenance$1354%Other$37011%

Investment Breakdown

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Purchase Price

$449k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,800

Closing costs

1%

$4,490

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,363

Total Expenses

$3,952

Mortgage P&I

66%

$2,235

Property Taxes

10%

$343

Home Insurance

5%

$157

HOA

2%

$72

Property Management

12%

$404

CapEx

4%

$135

Vacancy

3%

$101

Maintenance

4%

$135

Other

11%

$370

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