REI Lense

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$2,040 (target)

2600 Wedgedale Ave, Durham, NC 27703

3 beds • 2 baths • 1347 sqft

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This property looks like a bad Long-Term investment with a projected -7.79% first-year return on $64,050 initial cash invested.

-7.79%

Cash On Cash

4.97%

Cap Rate

0.8

DSCR

$2,040

Rent

-$416

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,040 income − $2,456 expenses = $416 out of pocket

Income$2,040Out of Pocket$416Mortgage P&I$1,57677%Property Taxes$24312%Insurance$1075%Management$20410%CapEx$1025%Vacancy$1226%Maintenance$1025%

Investment Breakdown

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Purchase Price

$305k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,050

Downpayment

20%

$61,000

Closing costs

1%

$3,050

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,040

Total Expenses

$2,456

Mortgage P&I

77%

$1,576

Property Taxes

12%

$243

Home Insurance

5%

$107

HOA

0%

$0

Property Management

10%

$204

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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