REI Lense

REI Lense

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$1,943 (target)

2909 Belmont Cir, Sanford, NC 27332

3 beds • 2 baths • 2819 sqft

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This property looks like a bad Long-Term investment with a projected -10.27% first-year return on $72,429 initial cash invested.

-10.27%

Cash On Cash

4.24%

Cap Rate

0.7

DSCR

$1,943

Rent

-$620

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,943 income − $2,563 expenses = $620 out of pocket

Income$1,943Out of Pocket$620Mortgage P&I$1,74290%Property Taxes$19410%Insurance$1226%Management$19410%CapEx$975%Vacancy$1176%Maintenance$975%

Investment Breakdown

|

Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,429

Downpayment

20%

$68,980

Closing costs

1%

$3,449

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,943

Total Expenses

$2,563

Mortgage P&I

90%

$1,742

Property Taxes

10%

$194

Home Insurance

6%

$122

HOA

0%

$0

Property Management

10%

$194

CapEx

5%

$97

Vacancy

6%

$117

Maintenance

5%

$97

Other

0%

$0

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