REI Lense

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$2,544 (target)

2246 Baywater Dr, Fayetteville, NC 28304

3 beds • 2 baths • 1656 sqft

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This property looks like a bad Mid-Term investment with a projected -1.94% first-year return on $77,850 initial cash invested.

-1.94%

Cash On Cash

6.05%

Cap Rate

0.98

DSCR

$2,544

Rent

-$126

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,544 income − $2,670 expenses = $126 out of pocket

Income$2,544Out of Pocket$126Mortgage P&I$1,46257%Property Taxes$24310%Insurance$1004%Management$30512%CapEx$1024%Vacancy$763%Maintenance$1024%Other$28011%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,850

Downpayment

20%

$57,000

Closing costs

1%

$2,850

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,544

Total Expenses

$2,670

Mortgage P&I

57%

$1,462

Property Taxes

10%

$243

Home Insurance

4%

$100

HOA

0%

$0

Property Management

12%

$305

CapEx

4%

$102

Vacancy

3%

$76

Maintenance

4%

$102

Other

11%

$280

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