REI Lense

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$2,089 (target)

409 Oakridge Rd, Cary, NC 27511

3 beds • 2 baths • 1770 sqft

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This property looks like a bad Long-Term investment with a projected -20.83% first-year return on $143k initial cash invested.

-20.83%

Cash On Cash

1.81%

Cap Rate

0.3

DSCR

$2,089

Rent

-$2,479

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,089 income − $4,568 expenses = $2,479 out of pocket

Income$2,089Out of Pocket$2,479Mortgage P&I$3,400163%Property Taxes$38118%Insurance$24512%Management$20910%CapEx$1045%Vacancy$1256%Maintenance$1045%

Investment Breakdown

|

Purchase Price

$680k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$143k

Downpayment

20%

$136k

Closing costs

1%

$6,799

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,089

Total Expenses

$4,568

Mortgage P&I

163%

$3,400

Property Taxes

18%

$381

Home Insurance

12%

$245

HOA

0%

$0

Property Management

10%

$209

CapEx

5%

$104

Vacancy

6%

$125

Maintenance

5%

$104

Other

0%

$0

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