REI Lense

REI Lense

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$1,818 (target)

503 Quest Ridge Dr, Fuquay Varina, NC 27526

3 beds • 3 baths • 1480 sqft

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This property looks like a bad Long-Term investment with a projected -11.39% first-year return on $68,607 initial cash invested.

-11.39%

Cash On Cash

4%

Cap Rate

0.66

DSCR

$1,818

Rent

-$651

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,818 income − $2,469 expenses = $651 out of pocket

Income$1,818Out of Pocket$651Mortgage P&I$1,65091%Property Taxes$23213%Insurance$1146%Management$18210%CapEx$915%Vacancy$1096%Maintenance$915%

Investment Breakdown

|

Purchase Price

$327k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,607

Downpayment

20%

$65,340

Closing costs

1%

$3,267

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,818

Total Expenses

$2,469

Mortgage P&I

91%

$1,650

Property Taxes

13%

$232

Home Insurance

6%

$114

HOA

0%

$0

Property Management

10%

$182

CapEx

5%

$91

Vacancy

6%

$109

Maintenance

5%

$91

Other

0%

$0

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