REI Lense

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$2,866 (target)

3200 Greenridge Way, Leland, NC 28451

3 beds • 2 baths • 1265 sqft

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This property might be a fair Mid-Term investment with a projected 0.72% first-year return on $81,294 initial cash invested.

0.72%

Cash On Cash

6.7%

Cap Rate

1.11

DSCR

$2,866

Rent

$49

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,866 income − $2,817 expenses = $49 cash flow

Income$2,866Mortgage P&I$1,52053%Property Taxes$1736%Insurance$1164%HOA$331%Management$34412%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31511%Cash Flow$49

Investment Breakdown

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Purchase Price

$301k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,294

Downpayment

20%

$60,280

Closing costs

1%

$3,014

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,866

Total Expenses

$2,817

Mortgage P&I

53%

$1,520

Property Taxes

6%

$173

Home Insurance

4%

$116

HOA

1%

$33

Property Management

12%

$344

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$315

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