REI Lense

REI Lense

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$2,155 (target)

289 Reeder Branch Dr, Clayton, NC 27520

3 beds • 3 baths • 2393 sqft

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This property looks like a bad Long-Term investment with a projected -11.95% first-year return on $88,578 initial cash invested.

-11.95%

Cash On Cash

3.91%

Cap Rate

0.64

DSCR

$2,155

Rent

-$882

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,155 income − $3,037 expenses = $882 out of pocket

Income$2,155Out of Pocket$882Mortgage P&I$2,147100%Property Taxes$1778%Insurance$1527%Management$21610%CapEx$1085%Vacancy$1296%Maintenance$1085%

Investment Breakdown

|

Purchase Price

$422k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,578

Downpayment

20%

$84,360

Closing costs

1%

$4,218

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,155

Total Expenses

$3,037

Mortgage P&I

100%

$2,147

Property Taxes

8%

$177

Home Insurance

7%

$152

HOA

0%

$0

Property Management

10%

$216

CapEx

5%

$108

Vacancy

6%

$129

Maintenance

5%

$108

Other

0%

$0

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