REI Lense

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$2,818 (target)

3472 Mine Creek Rd, Burlington, NC 27217

3 beds • 2 baths • 1544 sqft

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This property looks like a bad Mid-Term investment with a projected -2.2% first-year return on $84,927 initial cash invested.

-2.2%

Cash On Cash

6.52%

Cap Rate

0.98

DSCR

$2,818

Rent

-$156

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,818 income − $2,974 expenses = $156 out of pocket

Income$2,818Out of Pocket$156Mortgage P&I$1,77563%Property Taxes$1285%Insurance$1124%Management$33812%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31011%

Investment Breakdown

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Purchase Price

$319k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,927

Downpayment

20%

$63,740

Closing costs

1%

$3,187

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,818

Total Expenses

$2,974

Mortgage P&I

63%

$1,775

Property Taxes

5%

$128

Home Insurance

4%

$112

HOA

0%

$0

Property Management

12%

$338

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$310

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