REI Lense

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$2,035 (target)

3241 Lake Woodard Dr, Raleigh, NC 27604

3 beds • 3 baths • 1386 sqft

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This property looks like a bad Long-Term investment with a projected -7.21% first-year return on $64,911 initial cash invested.

-7.21%

Cash On Cash

4.95%

Cap Rate

0.82

DSCR

$2,035

Rent

-$390

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,035 income − $2,425 expenses = $390 out of pocket

Income$2,035Out of Pocket$390Mortgage P&I$1,56377%Property Taxes$22011%Insurance$1126%Management$20410%CapEx$1025%Vacancy$1226%Maintenance$1025%

Investment Breakdown

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Purchase Price

$309k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,911

Downpayment

20%

$61,820

Closing costs

1%

$3,091

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,035

Total Expenses

$2,425

Mortgage P&I

77%

$1,563

Property Taxes

11%

$220

Home Insurance

6%

$112

HOA

0%

$0

Property Management

10%

$204

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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