REI Lense

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$1,610 (target)

3508 Rigel Ct, Raleigh, NC 27604

3 beds • 2 baths • 1243 sqft

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This property looks like a bad Long-Term investment with a projected -12.8% first-year return on $65,079 initial cash invested.

-12.8%

Cash On Cash

3.69%

Cap Rate

0.61

DSCR

$1,610

Rent

-$694

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,610 income − $2,304 expenses = $694 out of pocket

Income$1,610Out of Pocket$694Mortgage P&I$1,56797%Property Taxes$21113%Insurance$1087%Management$16110%CapEx$805%Vacancy$976%Maintenance$805%

Investment Breakdown

|

Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,079

Downpayment

20%

$61,980

Closing costs

1%

$3,099

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,610

Total Expenses

$2,304

Mortgage P&I

97%

$1,567

Property Taxes

13%

$211

Home Insurance

7%

$108

HOA

0%

$0

Property Management

10%

$161

CapEx

5%

$80

Vacancy

6%

$97

Maintenance

5%

$80

Other

0%

$0

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