REI Lense

REI Lense

Unlock all features! Tap here to upgrade

img

3509 Clovis Ct, Hope Mills, NC 28348

3 beds • 2 baths • 1428 sqft

Email

This property looks like a bad Airbnb investment with a projected -5.42% first-year return on $63,969 initial cash invested.

-5.42%

Cash On Cash

5.03%

Cap Rate

0.82

DSCR

$2,234

Rent

-$289

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$219k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,969

Downpayment

20%

$43,780

Closing costs

1%

$2,189

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,234

Total Expenses

$2,523

Mortgage P&I

50%

$1,117

Property Taxes

12%

$258

Home Insurance

3%

$77

HOA

0%

$0

Property Management

15%

$335

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$558

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis