REI Lense

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$3,006 (target)

3814 Mary Martin Rd, Durham, NC 27703

3 beds • 2 baths • 1350 sqft

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This property might be a fair Mid-Term investment with a projected 5.96% first-year return on $70,479 initial cash invested.

5.96%

Cash On Cash

9.09%

Cap Rate

1.33

DSCR

$3,006

Rent

$350

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,006 income − $2,656 expenses = $350 cash flow

Income$3,006Mortgage P&I$1,42347%Property Taxes$1234%Insurance$883%Management$36112%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33111%Cash Flow$350

Investment Breakdown

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Purchase Price

$250k

Downpayment

20.0%

Interest Rate

7.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,479

Downpayment

20%

$49,980

Closing costs

1%

$2,499

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,006

Total Expenses

$2,656

Mortgage P&I

47%

$1,423

Property Taxes

4%

$123

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$361

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$331

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