REI Lense

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$1,222 (target)

3309 Spector St, Durham, NC 27704

3 beds • 2 baths • 1504 sqft

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This property looks like a bad Long-Term investment with a projected -24.06% first-year return on $114k initial cash invested.

-24.06%

Cash On Cash

1.07%

Cap Rate

0.18

DSCR

$1,222

Rent

-$2,281

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,222 income − $3,503 expenses = $2,281 out of pocket

Income$1,222Out of Pocket$2,281Mortgage P&I$2,704221%Property Taxes$28523%Insurance$19716%Management$12210%CapEx$615%Vacancy$736%Maintenance$615%

Investment Breakdown

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Purchase Price

$542k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$108k

Closing costs

1%

$5,417

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,222

Total Expenses

$3,503

Mortgage P&I

221%

$2,704

Property Taxes

23%

$285

Home Insurance

16%

$197

HOA

0%

$0

Property Management

10%

$122

CapEx

5%

$61

Vacancy

6%

$73

Maintenance

5%

$61

Other

0%

$0

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