REI Lense

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$1,781 (target)

3 Jessica Ct, Durham, NC 27704

3 beds • 2 baths • 1180 sqft

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This property looks like a bad Long-Term investment with a projected -10.39% first-year return on $59,388 initial cash invested.

-10.39%

Cash On Cash

4.57%

Cap Rate

0.72

DSCR

$1,781

Rent

-$514

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,781 income − $2,295 expenses = $514 out of pocket

Income$1,781Out of Pocket$514Mortgage P&I$1,50184%Property Taxes$21412%Insurance$1026%HOA$151%Management$17810%CapEx$895%Vacancy$1076%Maintenance$895%

Investment Breakdown

|

Purchase Price

$283k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,388

Downpayment

20%

$56,560

Closing costs

1%

$2,828

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,781

Total Expenses

$2,295

Mortgage P&I

84%

$1,501

Property Taxes

12%

$214

Home Insurance

6%

$102

HOA

1%

$15

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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