REI Lense

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$2,496 (target)

2209 Woodhurst Ln, Albemarle, NC 28001

3 beds • 2 baths • 1431 sqft

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This property looks like a bad Mid-Term investment with a projected -3.91% first-year return on $86,250 initial cash invested.

-3.91%

Cash On Cash

5.34%

Cap Rate

0.89

DSCR

$2,496

Rent

-$281

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,496 income − $2,777 expenses = $281 out of pocket

Income$2,496Out of Pocket$281Mortgage P&I$1,62665%Property Taxes$1877%Insurance$1145%Management$30012%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27511%

Investment Breakdown

|

Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,250

Downpayment

20%

$65,000

Closing costs

1%

$3,250

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,496

Total Expenses

$2,777

Mortgage P&I

65%

$1,626

Property Taxes

7%

$187

Home Insurance

5%

$114

HOA

0%

$0

Property Management

12%

$300

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$275

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