REI Lense

REI Lense

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$1,674 (target)

2991 Corbett Ridge Rd, Mebane, NC 27302

3 beds • 2 baths • 1881 sqft

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This property looks like a bad Long-Term investment with a projected -17.16% first-year return on $91,350 initial cash invested.

-17.16%

Cash On Cash

2.65%

Cap Rate

0.44

DSCR

$1,674

Rent

-$1,306

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,674 income − $2,980 expenses = $1,306 out of pocket

Income$1,674Out of Pocket$1,306Mortgage P&I$2,184130%Property Taxes$18611%Insurance$17510%Management$16710%CapEx$845%Vacancy$1006%Maintenance$845%

Investment Breakdown

|

Purchase Price

$435k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,350

Downpayment

20%

$87,000

Closing costs

1%

$4,350

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,674

Total Expenses

$2,980

Mortgage P&I

130%

$2,184

Property Taxes

11%

$186

Home Insurance

10%

$175

HOA

0%

$0

Property Management

10%

$167

CapEx

5%

$84

Vacancy

6%

$100

Maintenance

5%

$84

Other

0%

$0

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