REI Lense

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$3,063 (target)

449 Millbrook Dr, Pittsboro, NC 27312

3 beds • 3 baths • 1647 sqft

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This property looks like a bad Mid-Term investment with a projected -10.25% first-year return on $110k initial cash invested.

-10.25%

Cash On Cash

4.45%

Cap Rate

0.67

DSCR

$3,063

Rent

-$940

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,063 income − $4,003 expenses = $940 out of pocket

Income$3,063Out of Pocket$940Mortgage P&I$2,44180%Property Taxes$32311%Insurance$1565%HOA$401%Management$36812%CapEx$1234%Vacancy$923%Maintenance$1234%Other$33711%

Investment Breakdown

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Purchase Price

$438k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,620

Closing costs

1%

$4,381

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,063

Total Expenses

$4,003

Mortgage P&I

80%

$2,441

Property Taxes

11%

$323

Home Insurance

5%

$156

HOA

1%

$40

Property Management

12%

$368

CapEx

4%

$123

Vacancy

3%

$92

Maintenance

4%

$123

Other

11%

$337

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