REI Lense

REI Lense

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$2,094 (target)

2438 Castleburg Dr, Apex, NC 27523

3 beds • 3 baths • 1869 sqft

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This property looks like a bad Long-Term investment with a projected -18.38% first-year return on $112k initial cash invested.

-18.38%

Cash On Cash

2.35%

Cap Rate

0.39

DSCR

$2,094

Rent

-$1,713

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$533k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$107k

Closing costs

1%

$5,327

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,094

Total Expenses

$3,807

Mortgage P&I

126%

$2,649

Property Taxes

18%

$369

Home Insurance

9%

$191

HOA

3%

$53

Property Management

10%

$209

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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