REI Lense

REI Lense

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$1,594 (target)

5008 Shimmer Dr, Fayetteville, NC 28304

3 beds • 2 baths • 1529 sqft

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This property looks like a bad Long-Term investment with a projected -7.78% first-year return on $47,187 initial cash invested.

-7.78%

Cash On Cash

5.2%

Cap Rate

0.81

DSCR

$1,594

Rent

-$306

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,594 income − $1,900 expenses = $306 out of pocket

Income$1,594Out of Pocket$306Mortgage P&I$1,20075%Property Taxes$20613%Insurance$795%Management$15910%CapEx$805%Vacancy$966%Maintenance$805%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,187

Downpayment

20%

$44,940

Closing costs

1%

$2,247

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,594

Total Expenses

$1,900

Mortgage P&I

75%

$1,200

Property Taxes

13%

$206

Home Insurance

5%

$79

HOA

0%

$0

Property Management

10%

$159

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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