REI Lense

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$2,914 (target)

2909 Belmont Cir, Sanford, NC 27332

3 beds • 2 baths • 2819 sqft

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This property looks like a bad Mid-Term investment with a projected -1.8% first-year return on $90,429 initial cash invested.

-1.8%

Cash On Cash

5.99%

Cap Rate

0.99

DSCR

$2,914

Rent

-$136

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,914 income − $3,050 expenses = $136 out of pocket

Income$2,914Out of Pocket$136Mortgage P&I$1,74260%Property Taxes$1947%Insurance$1224%Management$35012%CapEx$1174%Vacancy$873%Maintenance$1174%Other$32111%

Investment Breakdown

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Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,429

Downpayment

20%

$68,980

Closing costs

1%

$3,449

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,914

Total Expenses

$3,050

Mortgage P&I

60%

$1,742

Property Taxes

7%

$194

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$350

CapEx

4%

$117

Vacancy

3%

$87

Maintenance

4%

$117

Other

11%

$321

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