REI Lense

REI Lense

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$2,284 (target)

3621 Flare St, Knightdale, NC 27545

3 beds • 3 baths • 1955 sqft

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This property looks like a bad Long-Term investment with a projected -12.89% first-year return on $87,022 initial cash invested.

-12.89%

Cash On Cash

3.78%

Cap Rate

0.61

DSCR

$2,284

Rent

-$935

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,284 income − $3,219 expenses = $935 out of pocket

Income$2,284Out of Pocket$935Mortgage P&I$2,12693%Property Taxes$23510%Insurance$1456%HOA$1205%Management$22810%CapEx$1145%Vacancy$1376%Maintenance$1145%

Investment Breakdown

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Purchase Price

$414k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,022

Downpayment

20%

$82,878

Closing costs

1%

$4,144

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,284

Total Expenses

$3,219

Mortgage P&I

93%

$2,126

Property Taxes

10%

$235

Home Insurance

6%

$145

HOA

5%

$120

Property Management

10%

$228

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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