REI Lense

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$2,692 (target)

3120 Glenridge Dr, Raleigh, NC 27604

3 beds • 2 baths • 1225 sqft

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This property looks like a bad Mid-Term investment with a projected -5.65% first-year return on $86,607 initial cash invested.

-5.65%

Cash On Cash

5.65%

Cap Rate

0.84

DSCR

$2,692

Rent

-$408

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,692 income − $3,100 expenses = $408 out of pocket

Income$2,692Out of Pocket$408Mortgage P&I$1,83768%Property Taxes$2309%Insurance$1174%Management$32312%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29611%

Investment Breakdown

|

Purchase Price

$327k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,607

Downpayment

20%

$65,340

Closing costs

1%

$3,267

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,692

Total Expenses

$3,100

Mortgage P&I

68%

$1,837

Property Taxes

9%

$230

Home Insurance

4%

$117

HOA

0%

$0

Property Management

12%

$323

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$296

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