REI Lense

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$2,954 (target)

4140 Lockwood Drive, Wilmington, NC 28405

3 beds • 2 baths • 1120 sqft

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This property looks like a bad Mid-Term investment with a projected -0.96% first-year return on $91,248 initial cash invested.

-0.96%

Cash On Cash

6.32%

Cap Rate

1.03

DSCR

$2,954

Rent

-$73

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,954 income − $3,027 expenses = $73 out of pocket

Income$2,954Out of Pocket$73Mortgage P&I$1,79261%Property Taxes$1054%Insurance$1264%Management$35412%CapEx$1184%Vacancy$893%Maintenance$1184%Other$32511%

Investment Breakdown

|

Purchase Price

$349k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,248

Downpayment

20%

$69,760

Closing costs

1%

$3,488

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,954

Total Expenses

$3,027

Mortgage P&I

61%

$1,792

Property Taxes

4%

$105

Home Insurance

4%

$126

HOA

0%

$0

Property Management

12%

$354

CapEx

4%

$118

Vacancy

3%

$89

Maintenance

4%

$118

Other

11%

$325

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