REI Lense

REI Lense

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$2,586 (target)

323 S Belvedere Drive, Hampstead, NC 28443

3 beds • 2 baths • 2107 sqft

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This property looks like a bad Long-Term investment with a projected -12.9% first-year return on $103k initial cash invested.

-12.9%

Cash On Cash

4%

Cap Rate

0.63

DSCR

$2,586

Rent

-$1,109

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,586 income − $3,695 expenses = $1,109 out of pocket

Income$2,586Out of Pocket$1,109Mortgage P&I$2,618101%Property Taxes$2219%Insurance$1807%HOA$4Management$25910%CapEx$1295%Vacancy$1556%Maintenance$1295%

Investment Breakdown

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Purchase Price

$491k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$98,260

Closing costs

1%

$4,913

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,586

Total Expenses

$3,695

Mortgage P&I

101%

$2,618

Property Taxes

9%

$221

Home Insurance

7%

$180

HOA

0%

$4

Property Management

10%

$259

CapEx

5%

$129

Vacancy

6%

$155

Maintenance

5%

$129

Other

0%

$0

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