REI Lense

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$3,434 (target)

320 Ilex Drive, Wilmington, NC 28412

3 beds • 2 baths • 1815 sqft

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This property might be a fair Mid-Term investment with a projected 6.69% first-year return on $84,360 initial cash invested.

6.69%

Cash On Cash

8.26%

Cap Rate

1.39

DSCR

$3,434

Rent

$470

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,434 income − $2,964 expenses = $470 cash flow

Income$3,434Mortgage P&I$1,56746%Property Taxes$1163%Insurance$1143%Management$41212%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37811%Cash Flow$470

Investment Breakdown

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Purchase Price

$316k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,360

Downpayment

20%

$63,200

Closing costs

1%

$3,160

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,434

Total Expenses

$2,964

Mortgage P&I

46%

$1,567

Property Taxes

3%

$116

Home Insurance

3%

$114

HOA

0%

$0

Property Management

12%

$412

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$378

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