REI Lense

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$2,667 (target)

2511 Academy St, Sanford, NC 27332

3 beds • 2 baths • 2360 sqft

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This property looks like a bad Mid-Term investment with a projected -5.82% first-year return on $95,112 initial cash invested.

-5.82%

Cash On Cash

4.77%

Cap Rate

0.8

DSCR

$2,667

Rent

-$461

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,667 income − $3,128 expenses = $461 out of pocket

Income$2,667Out of Pocket$461Mortgage P&I$1,81568%Property Taxes$27310%Insurance$1335%Management$32012%CapEx$1074%Vacancy$803%Maintenance$1074%Other$29311%

Investment Breakdown

|

Purchase Price

$367k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,112

Downpayment

20%

$73,440

Closing costs

1%

$3,672

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,667

Total Expenses

$3,128

Mortgage P&I

68%

$1,815

Property Taxes

10%

$273

Home Insurance

5%

$133

HOA

0%

$0

Property Management

12%

$320

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$293

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