REI Lense

REI Lense

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$2,018 (target)

23 Brookwood Dr, Smithfield, NC 27577

3 beds • 3 baths • sqft

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This property looks like a bad Long-Term investment with a projected -5.42% first-year return on $55,146 initial cash invested.

-5.42%

Cash On Cash

5.91%

Cap Rate

0.9

DSCR

$2,018

Rent

-$249

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,018 income − $2,267 expenses = $249 out of pocket

Income$2,018Out of Pocket$249Mortgage P&I$1,44271%Property Taxes$20610%Insurance$945%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

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Purchase Price

$263k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,146

Downpayment

20%

$52,520

Closing costs

1%

$2,626

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,018

Total Expenses

$2,267

Mortgage P&I

71%

$1,442

Property Taxes

10%

$206

Home Insurance

5%

$94

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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