REI Lense

REI Lense

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$1,503 (target)

507 W 23rd St, Lumberton, NC 28358

3 beds • 3 baths • 2054 sqft

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This property looks like a bad Long-Term investment with a projected -9.05% first-year return on $53,445 initial cash invested.

-9.05%

Cash On Cash

4.65%

Cap Rate

0.75

DSCR

$1,503

Rent

-$403

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,503 income − $1,906 expenses = $403 out of pocket

Income$1,503Out of Pocket$403Mortgage P&I$1,31487%Property Taxes$1158%Insurance$876%Management$15010%CapEx$755%Vacancy$906%Maintenance$755%

Investment Breakdown

|

Purchase Price

$255k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,445

Downpayment

20%

$50,900

Closing costs

1%

$2,545

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,503

Total Expenses

$1,906

Mortgage P&I

87%

$1,314

Property Taxes

8%

$115

Home Insurance

6%

$87

HOA

0%

$0

Property Management

10%

$150

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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