REI Lense

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$1,984 (target)

310 Northcliff Dr, Durham, NC 27712

3 beds • 3 baths • 1680 sqft

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This property looks like a bad Long-Term investment with a projected -13.48% first-year return on $80,367 initial cash invested.

-13.48%

Cash On Cash

3.92%

Cap Rate

0.61

DSCR

$1,984

Rent

-$903

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,984 income − $2,887 expenses = $903 out of pocket

Income$1,984Out of Pocket$903Mortgage P&I$2,055104%Property Taxes$1799%Insurance$1387%Management$19810%CapEx$995%Vacancy$1196%Maintenance$995%

Investment Breakdown

|

Purchase Price

$383k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,367

Downpayment

20%

$76,540

Closing costs

1%

$3,827

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,984

Total Expenses

$2,887

Mortgage P&I

104%

$2,055

Property Taxes

9%

$179

Home Insurance

7%

$138

HOA

0%

$0

Property Management

10%

$198

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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