REI Lense

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$3,879 (target)

323 S Belvedere Drive, Hampstead, NC 28443

3 beds • 2 baths • 2107 sqft

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This property looks like a bad Mid-Term investment with a projected -4.58% first-year return on $121k initial cash invested.

-4.58%

Cash On Cash

5.64%

Cap Rate

0.88

DSCR

$3,879

Rent

-$462

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,879 income − $4,341 expenses = $462 out of pocket

Income$3,879Out of Pocket$462Mortgage P&I$2,61867%Property Taxes$2216%Insurance$1805%HOA$4Management$46512%CapEx$1554%Vacancy$1163%Maintenance$1554%Other$42711%

Investment Breakdown

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Purchase Price

$491k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$98,260

Closing costs

1%

$4,913

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,879

Total Expenses

$4,341

Mortgage P&I

67%

$2,618

Property Taxes

6%

$221

Home Insurance

5%

$180

HOA

0%

$4

Property Management

12%

$465

CapEx

4%

$155

Vacancy

3%

$116

Maintenance

4%

$155

Other

11%

$427

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