REI Lense

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$3,300 (target)

404 Betty Drive, Elizabeth City, NC 27909

3 beds • 2 baths • 1200 sqft

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This property might be a fair Mid-Term investment with a projected 6.68% first-year return on $81,000 initial cash invested.

6.68%

Cash On Cash

8.42%

Cap Rate

1.38

DSCR

$3,300

Rent

$451

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,300 income − $2,849 expenses = $451 cash flow

Income$3,300Mortgage P&I$1,52246%Property Taxes$1003%Insurance$1053%Management$39612%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36311%Cash Flow$451

Investment Breakdown

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Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,000

Downpayment

20%

$60,000

Closing costs

1%

$3,000

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,300

Total Expenses

$2,849

Mortgage P&I

46%

$1,522

Property Taxes

3%

$100

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$396

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$363

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