REI Lense

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$2,108 (target)

3008 Red Cir, Willow Spring, NC 27592

3 beds • 3 baths • 2098 sqft

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This property looks like a bad Long-Term investment with a projected -8.57% first-year return on $72,009 initial cash invested.

-8.57%

Cash On Cash

4.72%

Cap Rate

0.77

DSCR

$2,108

Rent

-$514

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,108 income − $2,622 expenses = $514 out of pocket

Income$2,108Out of Pocket$514Mortgage P&I$1,75883%Property Taxes$1959%Insurance$1226%Management$21110%CapEx$1055%Vacancy$1266%Maintenance$1055%

Investment Breakdown

|

Purchase Price

$343k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,009

Downpayment

20%

$68,580

Closing costs

1%

$3,429

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,108

Total Expenses

$2,622

Mortgage P&I

83%

$1,758

Property Taxes

9%

$195

Home Insurance

6%

$122

HOA

0%

$0

Property Management

10%

$211

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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