REI Lense

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$2,022 (target)

240 Sourgum Ct, Zebulon, NC 27597

3 beds • 2 baths • 1609 sqft

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This property looks like a bad Long-Term investment with a projected -12.35% first-year return on $74,529 initial cash invested.

-12.35%

Cash On Cash

4.19%

Cap Rate

0.65

DSCR

$2,022

Rent

-$767

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,022 income − $2,789 expenses = $767 out of pocket

Income$2,022Out of Pocket$767Mortgage P&I$1,90694%Property Taxes$20110%Insurance$1246%HOA$332%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

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Purchase Price

$355k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,529

Downpayment

20%

$70,980

Closing costs

1%

$3,549

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,022

Total Expenses

$2,789

Mortgage P&I

94%

$1,906

Property Taxes

10%

$201

Home Insurance

6%

$124

HOA

2%

$33

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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