REI Lense

REI Lense

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$2,797 (target)

2641 Silver Bend Dr, Apex, NC 27539

3 beds • 3 baths • 2577 sqft

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This property looks like a bad Long-Term investment with a projected -18.13% first-year return on $143k initial cash invested.

-18.13%

Cash On Cash

2.56%

Cap Rate

0.42

DSCR

$2,797

Rent

-$2,154

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,797 income − $4,951 expenses = $2,154 out of pocket

Income$2,797Out of Pocket$2,154Mortgage P&I$3,463124%Property Taxes$45716%Insurance$2288%HOA$753%Management$28010%CapEx$1405%Vacancy$1686%Maintenance$1405%

Investment Breakdown

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Purchase Price

$679k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$143k

Downpayment

20%

$136k

Closing costs

1%

$6,788

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,797

Total Expenses

$4,951

Mortgage P&I

124%

$3,463

Property Taxes

16%

$457

Home Insurance

8%

$228

HOA

3%

$75

Property Management

10%

$280

CapEx

5%

$140

Vacancy

6%

$168

Maintenance

5%

$140

Other

0%

$0

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