REI Lense

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$2,722 (target)

443 Parkview Dr, Burlington, NC 27215

3 beds • 2 baths • 2293 sqft

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This property looks like a bad Mid-Term investment with a projected -2.53% first-year return on $93,348 initial cash invested.

-2.53%

Cash On Cash

5.56%

Cap Rate

0.95

DSCR

$2,722

Rent

-$197

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,722 income − $2,919 expenses = $197 out of pocket

Income$2,722Out of Pocket$197Mortgage P&I$1,74964%Property Taxes$1144%Insurance$1305%Management$32712%CapEx$1094%Vacancy$823%Maintenance$1094%Other$29911%

Investment Breakdown

|

Purchase Price

$359k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,348

Downpayment

20%

$71,760

Closing costs

1%

$3,588

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,722

Total Expenses

$2,919

Mortgage P&I

64%

$1,749

Property Taxes

4%

$114

Home Insurance

5%

$130

HOA

0%

$0

Property Management

12%

$327

CapEx

4%

$109

Vacancy

3%

$82

Maintenance

4%

$109

Other

11%

$299

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