REI Lense

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$1,488 (target)

318 Davis Farm Dr, Selma, NC 27576

3 beds • 2 baths • 1246 sqft

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This property looks like a bad Long-Term investment with a projected -14.03% first-year return on $68,250 initial cash invested.

-14.03%

Cash On Cash

3.42%

Cap Rate

0.56

DSCR

$1,488

Rent

-$798

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,488 income − $2,286 expenses = $798 out of pocket

Income$1,488Out of Pocket$798Mortgage P&I$1,649111%Property Taxes$1379%Insurance$1148%Management$14910%CapEx$745%Vacancy$896%Maintenance$745%

Investment Breakdown

|

Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.5%

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

$1,488

Total Expenses

$2,286

Mortgage P&I

111%

$1,649

Property Taxes

9%

$137

Home Insurance

8%

$114

HOA

0%

$0

Property Management

10%

$149

CapEx

5%

$74

Vacancy

6%

$89

Maintenance

5%

$74

Other

0%

$0

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