REI Lense

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$2,129 (target)

3962 Kimesville Rd, Burlington, NC 27215

3 beds • 3 baths • 2020 sqft

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This property looks like a bad Long-Term investment with a projected -15.01% first-year return on $109k initial cash invested.

-15.01%

Cash On Cash

3.1%

Cap Rate

0.52

DSCR

$2,129

Rent

-$1,361

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,129 income − $3,490 expenses = $1,361 out of pocket

Income$2,129Out of Pocket$1,361Mortgage P&I$2,594122%Property Taxes$1547%Insurance$1899%Management$21310%CapEx$1065%Vacancy$1286%Maintenance$1065%

Investment Breakdown

|

Purchase Price

$518k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$104k

Closing costs

1%

$5,183

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,129

Total Expenses

$3,490

Mortgage P&I

122%

$2,594

Property Taxes

7%

$154

Home Insurance

9%

$189

HOA

0%

$0

Property Management

10%

$213

CapEx

5%

$106

Vacancy

6%

$128

Maintenance

5%

$106

Other

0%

$0

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