REI Lense

REI Lense

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$1,644 (target)

209 Monterey Circle, New Bern, NC 28562

3 beds • 2 baths • 1669 sqft

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This property looks like a bad Long-Term investment with a projected -9.45% first-year return on $60,921 initial cash invested.

-9.45%

Cash On Cash

4.25%

Cap Rate

0.72

DSCR

$1,644

Rent

-$480

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,644 income − $2,124 expenses = $480 out of pocket

Income$1,644Out of Pocket$480Mortgage P&I$1,42687%Property Taxes$15710%Insurance$1026%HOA$121%Management$16410%CapEx$825%Vacancy$996%Maintenance$825%

Investment Breakdown

|

Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,921

Downpayment

20%

$58,020

Closing costs

1%

$2,901

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,644

Total Expenses

$2,124

Mortgage P&I

87%

$1,426

Property Taxes

10%

$157

Home Insurance

6%

$102

HOA

1%

$12

Property Management

10%

$164

CapEx

5%

$82

Vacancy

6%

$99

Maintenance

5%

$82

Other

0%

$0

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