REI Lense

REI Lense

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$2,328 (target)

428 Claremont Dr, Chapel Hill, NC 27516

3 beds • 3 baths • 1196 sqft

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This property looks like a bad Long-Term investment with a projected -16.34% first-year return on $88,473 initial cash invested.

-16.34%

Cash On Cash

2.97%

Cap Rate

0.49

DSCR

$2,328

Rent

-$1,205

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,328 income − $3,533 expenses = $1,205 out of pocket

Income$2,328Out of Pocket$1,205Mortgage P&I$2,13091%Property Taxes$52723%Insurance$1567%HOA$1155%Management$23310%CapEx$1165%Vacancy$1406%Maintenance$1165%

Investment Breakdown

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Purchase Price

$421k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,473

Downpayment

20%

$84,260

Closing costs

1%

$4,213

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,328

Total Expenses

$3,533

Mortgage P&I

91%

$2,130

Property Taxes

23%

$527

Home Insurance

7%

$156

HOA

5%

$115

Property Management

10%

$233

CapEx

5%

$116

Vacancy

6%

$140

Maintenance

5%

$116

Other

0%

$0

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