REI Lense

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$2,830 (target)

415 W Barracuda Dr, Nags Head, NC 27959

3 beds • 2 baths • 1680 sqft

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This property looks like a bad Long-Term investment with a projected -16.29% first-year return on $132k initial cash invested.

-16.29%

Cash On Cash

3.39%

Cap Rate

0.52

DSCR

$2,830

Rent

-$1,793

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,830 income − $4,623 expenses = $1,793 out of pocket

Income$2,830Out of Pocket$1,793Mortgage P&I$3,428121%Property Taxes$2308%Insurance$2288%Management$28310%CapEx$1425%Vacancy$1706%Maintenance$1425%

Investment Breakdown

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Purchase Price

$629k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$132k

Downpayment

20%

$126k

Closing costs

1%

$6,290

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,830

Total Expenses

$4,623

Mortgage P&I

121%

$3,428

Property Taxes

8%

$230

Home Insurance

8%

$228

HOA

0%

$0

Property Management

10%

$283

CapEx

5%

$142

Vacancy

6%

$170

Maintenance

5%

$142

Other

0%

$0

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