REI Lense

REI Lense

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$3,291 (target)

3716 Rivermont Rd, Durham, NC 27712

3 beds • 3 baths • 1616 sqft

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This property looks like a bad Mid-Term investment with a projected -2.61% first-year return on $101k initial cash invested.

-2.61%

Cash On Cash

5.72%

Cap Rate

0.96

DSCR

$3,291

Rent

-$220

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,291 income − $3,511 expenses = $220 out of pocket

Income$3,291Out of Pocket$220Mortgage P&I$1,97960%Property Taxes$2548%Insurance$1585%Management$39512%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36211%

Investment Breakdown

|

Purchase Price

$397k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$79,360

Closing costs

1%

$3,968

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,291

Total Expenses

$3,511

Mortgage P&I

60%

$1,979

Property Taxes

8%

$254

Home Insurance

5%

$158

HOA

0%

$0

Property Management

12%

$395

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$362

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