REI Lense

REI Lense

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$1,904 (target)

2431 Hickory Ave, Burlington, NC 27215

3 beds • 2 baths • 1315 sqft

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This property looks like a bad Long-Term investment with a projected -2.12% first-year return on $56,490 initial cash invested.

-2.12%

Cash On Cash

5.82%

Cap Rate

1

DSCR

$1,904

Rent

-$100

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$269k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,490

Downpayment

20%

$53,800

Closing costs

1%

$2,690

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,904

Total Expenses

$2,004

Mortgage P&I

69%

$1,310

Property Taxes

5%

$97

Home Insurance

5%

$103

HOA

0%

$0

Property Management

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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