REI Lense

REI Lense

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$3,488 (target)

4121 Grove Ridge Dr, Durham, NC 27703

3 beds • 3 baths • 2654 sqft

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This property looks like a bad Mid-Term investment with a projected -1.79% first-year return on $97,821 initial cash invested.

-1.79%

Cash On Cash

5.95%

Cap Rate

1

DSCR

$3,488

Rent

-$146

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$380k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,821

Downpayment

20%

$76,020

Closing costs

1%

$3,801

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,488

Total Expenses

$3,634

Mortgage P&I

54%

$1,890

Property Taxes

10%

$355

Home Insurance

4%

$136

HOA

2%

$65

Property Management

12%

$419

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$384

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