REI Lense

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$3,113 (target)

504 Simbury Glen Ct, Cary, NC 27519

3 beds • 3 baths • 3122 sqft

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This property looks like a bad Long-Term investment with a projected -18.66% first-year return on $165k initial cash invested.

-18.66%

Cash On Cash

2.37%

Cap Rate

0.39

DSCR

$3,113

Rent

-$2,567

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,113 income − $5,680 expenses = $2,567 out of pocket

Income$3,113Out of Pocket$2,567Mortgage P&I$3,962127%Property Taxes$56218%Insurance$2899%HOA$572%Management$31110%CapEx$1565%Vacancy$1876%Maintenance$1565%

Investment Breakdown

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Purchase Price

$786k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$165k

Downpayment

20%

$157k

Closing costs

1%

$7,860

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,113

Total Expenses

$5,680

Mortgage P&I

127%

$3,962

Property Taxes

18%

$562

Home Insurance

9%

$289

HOA

2%

$57

Property Management

10%

$311

CapEx

5%

$156

Vacancy

6%

$187

Maintenance

5%

$156

Other

0%

$0

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