REI Lense

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$3,492 (target)

428 Claremont Dr, Chapel Hill, NC 27516

3 beds • 3 baths • 1196 sqft

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This property looks like a bad Mid-Term investment with a projected -7.03% first-year return on $106k initial cash invested.

-7.03%

Cash On Cash

4.69%

Cap Rate

0.77

DSCR

$3,492

Rent

-$624

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,492 income − $4,116 expenses = $624 out of pocket

Income$3,492Out of Pocket$624Mortgage P&I$2,13061%Property Taxes$52715%Insurance$1564%HOA$1153%Management$41912%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38411%

Investment Breakdown

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Purchase Price

$421k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$84,260

Closing costs

1%

$4,213

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,492

Total Expenses

$4,116

Mortgage P&I

61%

$2,130

Property Taxes

15%

$527

Home Insurance

4%

$156

HOA

3%

$115

Property Management

12%

$419

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$384

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