REI Lense

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$1,541 (target)

22 W Governor Brandon St, Spring Lake, NC 28390

3 beds • 2 baths • 1227 sqft

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This property might be a fair Long-Term investment with a projected 9.77% first-year return on $31,206 initial cash invested.

9.77%

Cash On Cash

9.13%

Cap Rate

1.41

DSCR

$1,541

Rent

$254

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,541 income − $1,287 expenses = $254 cash flow

Income$1,541Mortgage P&I$79952%Property Taxes$362%Insurance$523%Management$15410%CapEx$775%Vacancy$926%Maintenance$775%Cash Flow$254

Investment Breakdown

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Purchase Price

$149k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$31,206

Downpayment

20%

$29,720

Closing costs

1%

$1,486

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,541

Total Expenses

$1,287

Mortgage P&I

52%

$799

Property Taxes

2%

$36

Home Insurance

3%

$52

HOA

0%

$0

Property Management

10%

$154

CapEx

5%

$77

Vacancy

6%

$92

Maintenance

5%

$77

Other

0%

$0

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