REI Lense

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$2,173 (target)

323 Walnut St, Cary, NC 27511

3 beds • 3 baths • 1739 sqft

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This property looks like a bad Long-Term investment with a projected -19.12% first-year return on $131k initial cash invested.

-19.12%

Cash On Cash

2.2%

Cap Rate

0.37

DSCR

$2,173

Rent

-$2,087

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,173 income − $4,260 expenses = $2,087 out of pocket

Income$2,173Out of Pocket$2,087Mortgage P&I$3,119144%Property Taxes$34816%Insurance$22810%Management$21710%CapEx$1095%Vacancy$1306%Maintenance$1095%

Investment Breakdown

|

Purchase Price

$624k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$125k

Closing costs

1%

$6,237

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,173

Total Expenses

$4,260

Mortgage P&I

144%

$3,119

Property Taxes

16%

$348

Home Insurance

10%

$228

HOA

0%

$0

Property Management

10%

$217

CapEx

5%

$109

Vacancy

6%

$130

Maintenance

5%

$109

Other

0%

$0

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