REI Lense

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$2,243 (target)

4216 New Brighton Dr, Apex, NC 27539

3 beds • 3 baths • 1653 sqft

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This property looks like a bad Long-Term investment with a projected -11.23% first-year return on $88,158 initial cash invested.

-11.23%

Cash On Cash

3.95%

Cap Rate

0.66

DSCR

$2,243

Rent

-$825

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,243 income − $3,068 expenses = $825 out of pocket

Income$2,243Out of Pocket$825Mortgage P&I$2,09593%Property Taxes$23611%Insurance$1547%Management$22410%CapEx$1125%Vacancy$1356%Maintenance$1125%

Investment Breakdown

|

Purchase Price

$420k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,158

Downpayment

20%

$83,960

Closing costs

1%

$4,198

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,243

Total Expenses

$3,068

Mortgage P&I

93%

$2,095

Property Taxes

11%

$236

Home Insurance

7%

$154

HOA

0%

$0

Property Management

10%

$224

CapEx

5%

$112

Vacancy

6%

$135

Maintenance

5%

$112

Other

0%

$0

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