REI Lense

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$2,271 (target)

299 Riverwind Dr, Spring Lake, NC 28390

3 beds • 2 baths • 1279 sqft

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This property might be a fair Mid-Term investment with a projected 2.43% first-year return on $64,179 initial cash invested.

2.43%

Cash On Cash

7.74%

Cap Rate

1.18

DSCR

$2,271

Rent

$130

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,271 income − $2,141 expenses = $130 cash flow

Income$2,271Mortgage P&I$1,19753%Property Taxes$924%Insurance$793%Management$27312%CapEx$914%Vacancy$683%Maintenance$914%Other$25011%Cash Flow$130

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,179

Downpayment

20%

$43,980

Closing costs

1%

$2,199

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,271

Total Expenses

$2,141

Mortgage P&I

53%

$1,197

Property Taxes

4%

$92

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$273

CapEx

4%

$91

Vacancy

3%

$68

Maintenance

4%

$91

Other

11%

$250

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