REI Lense

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$2,470 (target)

3909 Cobb St, Garner, NC 27529

3 beds • 2 baths • 1075 sqft

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This property looks like a bad Mid-Term investment with a projected -6.78% first-year return on $85,011 initial cash invested.

-6.78%

Cash On Cash

5.14%

Cap Rate

0.78

DSCR

$2,470

Rent

-$480

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,470 income − $2,950 expenses = $480 out of pocket

Income$2,470Out of Pocket$480Mortgage P&I$1,74871%Property Taxes$24610%Insurance$1165%Management$29612%CapEx$994%Vacancy$743%Maintenance$994%Other$27211%

Investment Breakdown

|

Purchase Price

$319k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,011

Downpayment

20%

$63,820

Closing costs

1%

$3,191

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,470

Total Expenses

$2,950

Mortgage P&I

71%

$1,748

Property Taxes

10%

$246

Home Insurance

5%

$116

HOA

0%

$0

Property Management

12%

$296

CapEx

4%

$99

Vacancy

3%

$74

Maintenance

4%

$99

Other

11%

$272

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