REI Lense

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$2,570 (target)

319 Westridge Dr, Burlington, NC 27215

3 beds • 2 baths • 1441 sqft

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This property looks like a bad Mid-Term investment with a projected -3.7% first-year return on $84,759 initial cash invested.

-3.7%

Cash On Cash

5.33%

Cap Rate

0.9

DSCR

$2,570

Rent

-$261

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,570 income − $2,831 expenses = $261 out of pocket

Income$2,570Out of Pocket$261Mortgage P&I$1,57061%Property Taxes$26510%Insurance$1225%Management$30812%CapEx$1034%Vacancy$773%Maintenance$1034%Other$28311%

Investment Breakdown

|

Purchase Price

$318k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,759

Downpayment

20%

$63,580

Closing costs

1%

$3,179

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,570

Total Expenses

$2,831

Mortgage P&I

61%

$1,570

Property Taxes

10%

$265

Home Insurance

5%

$122

HOA

0%

$0

Property Management

12%

$308

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$283

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