REI Lense

REI Lense

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$2,248 (target)

2309 Cool Springs Rd, Sanford, NC 27330

3 beds • 3 baths • 2130 sqft

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This property looks like a bad Mid-Term investment with a projected -11.42% first-year return on $94,650 initial cash invested.

-11.42%

Cash On Cash

4.02%

Cap Rate

0.6

DSCR

$2,248

Rent

-$901

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,248 income − $3,149 expenses = $901 out of pocket

Income$2,248Out of Pocket$901Mortgage P&I$2,03390%Property Taxes$22410%Insurance$1286%Management$27012%CapEx$904%Vacancy$673%Maintenance$904%Other$24711%

Investment Breakdown

|

Purchase Price

$365k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,650

Downpayment

20%

$73,000

Closing costs

1%

$3,650

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,248

Total Expenses

$3,149

Mortgage P&I

90%

$2,033

Property Taxes

10%

$224

Home Insurance

6%

$128

HOA

0%

$0

Property Management

12%

$270

CapEx

4%

$90

Vacancy

3%

$67

Maintenance

4%

$90

Other

11%

$247

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