REI Lense

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$1,966 (target)

47 Morton Dr, Angier, NC 27501

3 beds • 2 baths • 1633 sqft

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This property looks like a bad Long-Term investment with a projected -10.09% first-year return on $70,077 initial cash invested.

-10.09%

Cash On Cash

4.43%

Cap Rate

0.72

DSCR

$1,966

Rent

-$589

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,966 income − $2,555 expenses = $589 out of pocket

Income$1,966Out of Pocket$589Mortgage P&I$1,72488%Property Taxes$1799%Insurance$1266%HOA$151%Management$19710%CapEx$985%Vacancy$1186%Maintenance$985%

Investment Breakdown

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Purchase Price

$334k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,077

Downpayment

20%

$66,740

Closing costs

1%

$3,337

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,966

Total Expenses

$2,555

Mortgage P&I

88%

$1,724

Property Taxes

9%

$179

Home Insurance

6%

$126

HOA

1%

$15

Property Management

10%

$197

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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