REI Lense

REI Lense

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$1,911 (target)

2170 Cora Dr, Hope Mills, NC 28348

3 beds • 2 baths • 1748 sqft

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This property looks like a bad Long-Term investment with a projected -7.65% first-year return on $63,525 initial cash invested.

-7.65%

Cash On Cash

4.79%

Cap Rate

0.8

DSCR

$1,911

Rent

-$405

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$303k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,525

Downpayment

20%

$60,500

Closing costs

1%

$3,025

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,911

Total Expenses

$2,316

Mortgage P&I

79%

$1,517

Property Taxes

10%

$194

Home Insurance

6%

$107

HOA

0%

$0

Property Management

10%

$191

CapEx

5%

$96

Vacancy

6%

$115

Maintenance

5%

$96

Other

0%

$0

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