REI Lense

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$2,629 (target)

2914 W Cornwallis Dr, Greensboro, NC 27408

3 beds • 3 baths • 2282 sqft

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This property looks like a bad Long-Term investment with a projected -9.06% first-year return on $102k initial cash invested.

-9.06%

Cash On Cash

4.37%

Cap Rate

0.73

DSCR

$2,629

Rent

-$769

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,629 income − $3,398 expenses = $769 out of pocket

Income$2,629Out of Pocket$769Mortgage P&I$2,40591%Property Taxes$1405%Insurance$1706%Management$26310%CapEx$1315%Vacancy$1586%Maintenance$1315%

Investment Breakdown

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Purchase Price

$485k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$97,000

Closing costs

1%

$4,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,629

Total Expenses

$3,398

Mortgage P&I

91%

$2,405

Property Taxes

5%

$140

Home Insurance

6%

$170

HOA

0%

$0

Property Management

10%

$263

CapEx

5%

$131

Vacancy

6%

$158

Maintenance

5%

$131

Other

0%

$0

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