REI Lense

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$2,289 (target)

320 Ilex Drive, Wilmington, NC 28412

3 beds • 2 baths • 1815 sqft

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This property looks like a bad Long-Term investment with a projected -1.84% first-year return on $66,360 initial cash invested.

-1.84%

Cash On Cash

6%

Cap Rate

1.01

DSCR

$2,289

Rent

-$102

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,289 income − $2,391 expenses = $102 out of pocket

Income$2,289Out of Pocket$102Mortgage P&I$1,56768%Property Taxes$1165%Insurance$1145%Management$22910%CapEx$1145%Vacancy$1376%Maintenance$1145%

Investment Breakdown

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Purchase Price

$316k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,360

Downpayment

20%

$63,200

Closing costs

1%

$3,160

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,289

Total Expenses

$2,391

Mortgage P&I

68%

$1,567

Property Taxes

5%

$116

Home Insurance

5%

$114

HOA

0%

$0

Property Management

10%

$229

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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