REI Lense

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$2,541 (target)

507 N 5th Avenue, Wilmington, NC 28401

3 beds • 2 baths • 1525 sqft

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This property looks like a bad Long-Term investment with a projected -9.74% first-year return on $93,849 initial cash invested.

-9.74%

Cash On Cash

4.4%

Cap Rate

0.72

DSCR

$2,541

Rent

-$762

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,541 income − $3,303 expenses = $762 out of pocket

Income$2,541Out of Pocket$762Mortgage P&I$2,27489%Property Taxes$1948%Insurance$1757%Management$25410%CapEx$1275%Vacancy$1526%Maintenance$1275%

Investment Breakdown

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Purchase Price

$447k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,849

Downpayment

20%

$89,380

Closing costs

1%

$4,469

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,541

Total Expenses

$3,303

Mortgage P&I

89%

$2,274

Property Taxes

8%

$194

Home Insurance

7%

$175

HOA

0%

$0

Property Management

10%

$254

CapEx

5%

$127

Vacancy

6%

$152

Maintenance

5%

$127

Other

0%

$0

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