REI Lense

REI Lense

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$1,607 (target)

232 Sandy Bottom Ln, Raeford, NC 28376

3 beds • 2 baths • 1183 sqft

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This property looks like a bad Long-Term investment with a projected -5.66% first-year return on $47,943 initial cash invested.

-5.66%

Cash On Cash

5.7%

Cap Rate

0.88

DSCR

$1,607

Rent

-$226

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,607 income − $1,833 expenses = $226 out of pocket

Income$1,607Out of Pocket$226Mortgage P&I$1,23077%Property Taxes$1067%Insurance$805%Management$16110%CapEx$805%Vacancy$966%Maintenance$805%

Investment Breakdown

|

Purchase Price

$228k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,943

Downpayment

20%

$45,660

Closing costs

1%

$2,283

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,607

Total Expenses

$1,833

Mortgage P&I

77%

$1,230

Property Taxes

7%

$106

Home Insurance

5%

$80

HOA

0%

$0

Property Management

10%

$161

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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