REI Lense

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$1,647 (target)

3909 Cobb St, Garner, NC 27529

3 beds • 2 baths • 1075 sqft

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This property looks like a bad Long-Term investment with a projected -15.96% first-year return on $67,011 initial cash invested.

-15.96%

Cash On Cash

3.53%

Cap Rate

0.54

DSCR

$1,647

Rent

-$891

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,647 income − $2,538 expenses = $891 out of pocket

Income$1,647Out of Pocket$891Mortgage P&I$1,748106%Property Taxes$24615%Insurance$1167%Management$16510%CapEx$825%Vacancy$996%Maintenance$825%

Investment Breakdown

|

Purchase Price

$319k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,011

Downpayment

20%

$63,820

Closing costs

1%

$3,191

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,647

Total Expenses

$2,538

Mortgage P&I

106%

$1,748

Property Taxes

15%

$246

Home Insurance

7%

$116

HOA

0%

$0

Property Management

10%

$165

CapEx

5%

$82

Vacancy

6%

$99

Maintenance

5%

$82

Other

0%

$0

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