REI Lense

REI Lense

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$1,687 (target)

2310 Cool Springs Rd, Sanford, NC 27330

3 beds • 2 baths • 1293 sqft

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This property looks like a bad Long-Term investment with a projected -11.88% first-year return on $64,953 initial cash invested.

-11.88%

Cash On Cash

3.84%

Cap Rate

0.64

DSCR

$1,687

Rent

-$643

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,687 income − $2,330 expenses = $643 out of pocket

Income$1,687Out of Pocket$643Mortgage P&I$1,54892%Property Taxes$23214%Insurance$1127%Management$16910%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

|

Purchase Price

$309k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,953

Downpayment

20%

$61,860

Closing costs

1%

$3,093

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,687

Total Expenses

$2,330

Mortgage P&I

92%

$1,548

Property Taxes

14%

$232

Home Insurance

7%

$112

HOA

0%

$0

Property Management

10%

$169

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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