REI Lense

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$3,780 (target)

2560 Glenkirk Dr, Burlington, NC 27215

3 beds • 3 baths • 2725 sqft

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This property looks like a bad Mid-Term investment with a projected -7.15% first-year return on $116k initial cash invested.

-7.15%

Cash On Cash

4.81%

Cap Rate

0.78

DSCR

$3,780

Rent

-$690

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,780 income − $4,470 expenses = $690 out of pocket

Income$3,780Out of Pocket$690Mortgage P&I$2,40764%Property Taxes$39010%Insurance$1664%HOA$2226%Management$45412%CapEx$1514%Vacancy$1133%Maintenance$1514%Other$41611%

Investment Breakdown

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Purchase Price

$466k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,200

Closing costs

1%

$4,660

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,780

Total Expenses

$4,470

Mortgage P&I

64%

$2,407

Property Taxes

10%

$390

Home Insurance

4%

$166

HOA

6%

$222

Property Management

12%

$454

CapEx

4%

$151

Vacancy

3%

$113

Maintenance

4%

$151

Other

11%

$416

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