REI Lense

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$1,926 (target)

278 Oakmont Dr, Raeford, NC 28376

3 beds • 2 baths • 1941 sqft

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This property looks like a bad Long-Term investment with a projected -8.21% first-year return on $66,318 initial cash invested.

-8.21%

Cash On Cash

4.68%

Cap Rate

0.77

DSCR

$1,926

Rent

-$454

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,926 income − $2,380 expenses = $454 out of pocket

Income$1,926Out of Pocket$454Mortgage P&I$1,58983%Property Taxes$1789%Insurance$1126%Management$19310%CapEx$965%Vacancy$1166%Maintenance$965%

Investment Breakdown

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Purchase Price

$316k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,318

Downpayment

20%

$63,160

Closing costs

1%

$3,158

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,926

Total Expenses

$2,380

Mortgage P&I

83%

$1,589

Property Taxes

9%

$178

Home Insurance

6%

$112

HOA

0%

$0

Property Management

10%

$193

CapEx

5%

$96

Vacancy

6%

$116

Maintenance

5%

$96

Other

0%

$0

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