REI Lense

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$2,254 (target)

507 W 23rd St, Lumberton, NC 28358

3 beds • 3 baths • 2054 sqft

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This property looks like a bad Mid-Term investment with a projected -0.47% first-year return on $71,445 initial cash invested.

-0.47%

Cash On Cash

6.49%

Cap Rate

1.05

DSCR

$2,254

Rent

-$28

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,254 income − $2,282 expenses = $28 out of pocket

Income$2,254Out of Pocket$28Mortgage P&I$1,31458%Property Taxes$1155%Insurance$874%Management$27012%CapEx$904%Vacancy$683%Maintenance$904%Other$24811%

Investment Breakdown

|

Purchase Price

$255k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,445

Downpayment

20%

$50,900

Closing costs

1%

$2,545

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,254

Total Expenses

$2,282

Mortgage P&I

58%

$1,314

Property Taxes

5%

$115

Home Insurance

4%

$87

HOA

0%

$0

Property Management

12%

$270

CapEx

4%

$90

Vacancy

3%

$68

Maintenance

4%

$90

Other

11%

$248

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