REI Lense

REI Lense

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$2,415 (target)

3508 Rigel Ct, Raleigh, NC 27604

3 beds • 2 baths • 1243 sqft

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This property looks like a bad Mid-Term investment with a projected -4.23% first-year return on $83,079 initial cash invested.

-4.23%

Cash On Cash

5.31%

Cap Rate

0.87

DSCR

$2,415

Rent

-$293

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,415 income − $2,708 expenses = $293 out of pocket

Income$2,415Out of Pocket$293Mortgage P&I$1,56765%Property Taxes$2119%Insurance$1084%Management$29012%CapEx$974%Vacancy$723%Maintenance$974%Other$26611%

Investment Breakdown

|

Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,079

Downpayment

20%

$61,980

Closing costs

1%

$3,099

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,415

Total Expenses

$2,708

Mortgage P&I

65%

$1,567

Property Taxes

9%

$211

Home Insurance

4%

$108

HOA

0%

$0

Property Management

12%

$290

CapEx

4%

$97

Vacancy

3%

$72

Maintenance

4%

$97

Other

11%

$266

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