REI Lense

REI Lense

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$3,141 (target)

2438 Castleburg Dr, Apex, NC 27523

3 beds • 3 baths • 1869 sqft

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This property looks like a bad Mid-Term investment with a projected -11% first-year return on $130k initial cash invested.

-11%

Cash On Cash

3.57%

Cap Rate

0.6

DSCR

$3,141

Rent

-$1,190

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

$130k

Downpayment

20%

$107k

Closing costs

1%

$5,327

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,141

Total Expenses

$4,331

Mortgage P&I

84%

$2,649

Property Taxes

12%

$369

Home Insurance

6%

$191

HOA

2%

$53

Property Management

12%

$377

CapEx

4%

$126

Vacancy

3%

$94

Maintenance

4%

$126

Other

11%

$346

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