REI Lense

REI Lense

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$2,639 (target)

2805 Sparger Rd, Durham, NC 27705

3 beds • 3 baths • 1950 sqft

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This property looks like a bad Long-Term investment with a projected -8.11% first-year return on $83,160 initial cash invested.

-8.11%

Cash On Cash

4.9%

Cap Rate

0.79

DSCR

$2,639

Rent

-$562

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,639 income − $3,201 expenses = $562 out of pocket

Income$2,639Out of Pocket$562Mortgage P&I$2,04678%Property Taxes$33013%Insurance$1395%Management$26410%CapEx$1325%Vacancy$1586%Maintenance$1325%

Investment Breakdown

|

Purchase Price

$396k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,160

Downpayment

20%

$79,200

Closing costs

1%

$3,960

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,639

Total Expenses

$3,201

Mortgage P&I

78%

$2,046

Property Taxes

13%

$330

Home Insurance

5%

$139

HOA

0%

$0

Property Management

10%

$264

CapEx

5%

$132

Vacancy

6%

$158

Maintenance

5%

$132

Other

0%

$0

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