REI Lense

REI Lense

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$1,989 (target)

311 Aqua Marine Ln, Knightdale, NC 27545

3 beds • 2 baths • 1302 sqft

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This property looks like a bad Long-Term investment with a projected -8.9% first-year return on $68,250 initial cash invested.

-8.9%

Cash On Cash

4.49%

Cap Rate

0.75

DSCR

$1,989

Rent

-$506

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,989 income − $2,495 expenses = $506 out of pocket

Income$1,989Out of Pocket$506Mortgage P&I$1,62282%Property Taxes$23612%Insurance$1146%HOA$7Management$19910%CapEx$995%Vacancy$1196%Maintenance$995%

Investment Breakdown

|

Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,250

Downpayment

20%

$65,000

Closing costs

1%

$3,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,989

Total Expenses

$2,495

Mortgage P&I

82%

$1,622

Property Taxes

12%

$236

Home Insurance

6%

$114

HOA

0%

$7

Property Management

10%

$199

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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