REI Lense

REI Lense

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$2,074 (target)

502 Burton St, Fuquay Varina, NC 27526

3 beds • 2 baths • 1631 sqft

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This property looks like a bad Long-Term investment with a projected -8.9% first-year return on $75,243 initial cash invested.

-8.9%

Cash On Cash

4.44%

Cap Rate

0.75

DSCR

$2,074

Rent

-$558

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,074 income − $2,632 expenses = $558 out of pocket

Income$2,074Out of Pocket$558Mortgage P&I$1,78186%Property Taxes$1889%Insurance$1246%Management$20710%CapEx$1045%Vacancy$1246%Maintenance$1045%

Investment Breakdown

|

Purchase Price

$358k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,243

Downpayment

20%

$71,660

Closing costs

1%

$3,583

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,074

Total Expenses

$2,632

Mortgage P&I

86%

$1,781

Property Taxes

9%

$188

Home Insurance

6%

$124

HOA

0%

$0

Property Management

10%

$207

CapEx

5%

$104

Vacancy

6%

$124

Maintenance

5%

$104

Other

0%

$0

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