REI Lense

REI Lense

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$2,438 (target)

290 Rockfish Rd, Raeford, NC 28376

3 beds • 2 baths • 1372 sqft

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This property might be a fair Mid-Term investment with a projected 2.84% first-year return on $68,841 initial cash invested.

2.84%

Cash On Cash

7.49%

Cap Rate

1.21

DSCR

$2,438

Rent

$163

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$242k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,841

Downpayment

20%

$48,420

Closing costs

1%

$2,421

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,438

Total Expenses

$2,275

Mortgage P&I

51%

$1,250

Property Taxes

4%

$109

Home Insurance

4%

$86

HOA

0%

$0

Property Management

12%

$293

CapEx

4%

$98

Vacancy

3%

$73

Maintenance

4%

$98

Other

11%

$268

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