REI Lense

REI Lense

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$1,514 (target)

299 Riverwind Dr, Spring Lake, NC 28390

3 beds • 2 baths • 1279 sqft

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This property looks like a bad Long-Term investment with a projected -6.44% first-year return on $46,179 initial cash invested.

-6.44%

Cash On Cash

5.59%

Cap Rate

0.86

DSCR

$1,514

Rent

-$248

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,514 income − $1,762 expenses = $248 out of pocket

Income$1,514Out of Pocket$248Mortgage P&I$1,19779%Property Taxes$926%Insurance$795%Management$15110%CapEx$765%Vacancy$916%Maintenance$765%

Investment Breakdown

|

Purchase Price

$220k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,179

Downpayment

20%

$43,980

Closing costs

1%

$2,199

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,514

Total Expenses

$1,762

Mortgage P&I

79%

$1,197

Property Taxes

6%

$92

Home Insurance

5%

$79

HOA

0%

$0

Property Management

10%

$151

CapEx

5%

$76

Vacancy

6%

$91

Maintenance

5%

$76

Other

0%

$0

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