REI Lense

REI Lense

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$2,021 (target)

2331 Twin Acres Road, Clayton, NC 27520

3 beds • 3 baths • 1882 sqft

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This property looks like a bad Long-Term investment with a projected -16.61% first-year return on $106k initial cash invested.

-16.61%

Cash On Cash

2.91%

Cap Rate

0.47

DSCR

$2,021

Rent

-$1,462

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,021 income − $3,483 expenses = $1,462 out of pocket

Income$2,021Out of Pocket$1,462Mortgage P&I$2,580128%Property Taxes$19810%Insurance$1809%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

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Purchase Price

$503k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$101k

Closing costs

1%

$5,031

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,021

Total Expenses

$3,483

Mortgage P&I

128%

$2,580

Property Taxes

10%

$198

Home Insurance

9%

$180

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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