REI Lense

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$2,477 (target)

3016 Hope Valley Rd, Durham, NC 27707

3 beds • 2 baths • 1941 sqft

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This property looks like a bad Long-Term investment with a projected -17.36% first-year return on $122k initial cash invested.

-17.36%

Cash On Cash

2.64%

Cap Rate

0.44

DSCR

$2,477

Rent

-$1,760

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,477 income − $4,237 expenses = $1,760 out of pocket

Income$2,477Out of Pocket$1,760Mortgage P&I$2,909117%Property Taxes$46819%Insurance$2159%Management$24810%CapEx$1245%Vacancy$1496%Maintenance$1245%

Investment Breakdown

|

Purchase Price

$579k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$116k

Closing costs

1%

$5,792

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,477

Total Expenses

$4,237

Mortgage P&I

117%

$2,909

Property Taxes

19%

$468

Home Insurance

9%

$215

HOA

0%

$0

Property Management

10%

$248

CapEx

5%

$124

Vacancy

6%

$149

Maintenance

5%

$124

Other

0%

$0

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