REI Lense

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$2,270 (target)

305 Reynolds Ave, Durham, NC 27707

3 beds • 2 baths • 1580 sqft

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This property looks like a bad Long-Term investment with a projected -9.03% first-year return on $77,196 initial cash invested.

-9.03%

Cash On Cash

4.43%

Cap Rate

0.74

DSCR

$2,270

Rent

-$581

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,270 income − $2,851 expenses = $581 out of pocket

Income$2,270Out of Pocket$581Mortgage P&I$1,82380%Property Taxes$30814%Insurance$1296%Management$22710%CapEx$1145%Vacancy$1366%Maintenance$1145%

Investment Breakdown

|

Purchase Price

$368k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,196

Downpayment

20%

$73,520

Closing costs

1%

$3,676

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,270

Total Expenses

$2,851

Mortgage P&I

80%

$1,823

Property Taxes

14%

$308

Home Insurance

6%

$129

HOA

0%

$0

Property Management

10%

$227

CapEx

5%

$114

Vacancy

6%

$136

Maintenance

5%

$114

Other

0%

$0

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