REI Lense

REI Lense

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$2,831 (target)

217 Dressage Ct, Mebane, NC 27302

3 beds • 3 baths • 3080 sqft

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This property looks like a bad Long-Term investment with a projected -18.83% first-year return on $160k initial cash invested.

-18.83%

Cash On Cash

2.38%

Cap Rate

0.39

DSCR

$2,831

Rent

-$2,510

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,831 income − $5,341 expenses = $2,510 out of pocket

Income$2,831Out of Pocket$2,510Mortgage P&I$3,881137%Property Taxes$44316%Insurance$28010%Management$28310%CapEx$1425%Vacancy$1706%Maintenance$1425%

Investment Breakdown

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Purchase Price

$762k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$160k

Downpayment

20%

$152k

Closing costs

1%

$7,619

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,831

Total Expenses

$5,341

Mortgage P&I

137%

$3,881

Property Taxes

16%

$443

Home Insurance

10%

$280

HOA

0%

$0

Property Management

10%

$283

CapEx

5%

$142

Vacancy

6%

$170

Maintenance

5%

$142

Other

0%

$0

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