REI Lense

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$2,688 (target)

460 Bowman Rd, Lumberton, NC 28358

3 beds • 2 baths • 2330 sqft

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This property looks like a bad Mid-Term investment with a projected -13.59% first-year return on $144k initial cash invested.

-13.59%

Cash On Cash

3.04%

Cap Rate

0.5

DSCR

$2,688

Rent

-$1,629

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,688 income − $4,317 expenses = $1,629 out of pocket

Income$2,688Out of Pocket$1,629Mortgage P&I$3,039113%Property Taxes$1526%Insurance$2108%Management$32312%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29611%

Investment Breakdown

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Purchase Price

$599k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$120k

Closing costs

1%

$5,990

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,688

Total Expenses

$4,317

Mortgage P&I

113%

$3,039

Property Taxes

6%

$152

Home Insurance

8%

$210

HOA

0%

$0

Property Management

12%

$323

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$296

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