REI Lense

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$2,581 (target)

2600 New Oxford Dr, Apex, NC 27539

3 beds • 4 baths • 2338 sqft

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This property looks like a bad Long-Term investment with a projected -13.64% first-year return on $118k initial cash invested.

-13.64%

Cash On Cash

3.4%

Cap Rate

0.57

DSCR

$2,581

Rent

-$1,337

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,581 income − $3,918 expenses = $1,337 out of pocket

Income$2,581Out of Pocket$1,337Mortgage P&I$2,796108%Property Taxes$25510%Insurance$1968%Management$25810%CapEx$1295%Vacancy$1556%Maintenance$1295%

Investment Breakdown

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Purchase Price

$560k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$112k

Closing costs

1%

$5,600

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,581

Total Expenses

$3,918

Mortgage P&I

108%

$2,796

Property Taxes

10%

$255

Home Insurance

8%

$196

HOA

0%

$0

Property Management

10%

$258

CapEx

5%

$129

Vacancy

6%

$155

Maintenance

5%

$129

Other

0%

$0

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