REI Lense

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$2,624 (target)

311 E Davis St, Smithfield, NC 27577

3 beds • 2 baths • 1461 sqft

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This property looks like a bad Mid-Term investment with a projected -4.32% first-year return on $84,906 initial cash invested.

-4.32%

Cash On Cash

5.67%

Cap Rate

0.88

DSCR

$2,624

Rent

-$306

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,624 income − $2,930 expenses = $306 out of pocket

Income$2,624Out of Pocket$306Mortgage P&I$1,70665%Property Taxes$2178%Insurance$1144%Management$31512%CapEx$1054%Vacancy$793%Maintenance$1054%Other$28911%

Investment Breakdown

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Purchase Price

$319k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,906

Downpayment

20%

$63,720

Closing costs

1%

$3,186

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,624

Total Expenses

$2,930

Mortgage P&I

65%

$1,706

Property Taxes

8%

$217

Home Insurance

4%

$114

HOA

0%

$0

Property Management

12%

$315

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$289

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