REI Lense

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$2,806 (target)

2620 Mill Creek Rd, Mebane, NC 27302

3 beds • 2 baths • 1458 sqft

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This property looks like a bad Mid-Term investment with a projected -2.75% first-year return on $85,620 initial cash invested.

-2.75%

Cash On Cash

6.37%

Cap Rate

0.95

DSCR

$2,806

Rent

-$196

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,806 income − $3,002 expenses = $196 out of pocket

Income$2,806Out of Pocket$196Mortgage P&I$1,79364%Property Taxes$1425%Insurance$1134%Management$33712%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30911%

Investment Breakdown

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Purchase Price

$322k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,620

Downpayment

20%

$64,400

Closing costs

1%

$3,220

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,806

Total Expenses

$3,002

Mortgage P&I

64%

$1,793

Property Taxes

5%

$142

Home Insurance

4%

$113

HOA

0%

$0

Property Management

12%

$337

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$309

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