REI Lense

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$3,260 (target)

323 Walnut St, Cary, NC 27511

3 beds • 3 baths • 1739 sqft

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This property looks like a bad Mid-Term investment with a projected -12.43% first-year return on $149k initial cash invested.

-12.43%

Cash On Cash

3.28%

Cap Rate

0.55

DSCR

$3,260

Rent

-$1,543

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,260 income − $4,803 expenses = $1,543 out of pocket

Income$3,260Out of Pocket$1,543Mortgage P&I$3,11996%Property Taxes$34811%Insurance$2287%Management$39112%CapEx$1304%Vacancy$983%Maintenance$1304%Other$35911%

Investment Breakdown

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Purchase Price

$624k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$149k

Downpayment

20%

$125k

Closing costs

1%

$6,237

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,260

Total Expenses

$4,803

Mortgage P&I

96%

$3,119

Property Taxes

11%

$348

Home Insurance

7%

$228

HOA

0%

$0

Property Management

12%

$391

CapEx

4%

$130

Vacancy

3%

$98

Maintenance

4%

$130

Other

11%

$359

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