REI Lense

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$2,088 (target)

508 Crestview Dr, Durham, NC 27712

3 beds • 2 baths • 1890 sqft

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This property looks like a bad Long-Term investment with a projected -12.38% first-year return on $81,690 initial cash invested.

-12.38%

Cash On Cash

3.83%

Cap Rate

0.63

DSCR

$2,088

Rent

-$843

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,088 income − $2,931 expenses = $843 out of pocket

Income$2,088Out of Pocket$843Mortgage P&I$1,98295%Property Taxes$27113%Insurance$1367%Management$20910%CapEx$1045%Vacancy$1256%Maintenance$1045%

Investment Breakdown

|

Purchase Price

$389k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,690

Downpayment

20%

$77,800

Closing costs

1%

$3,890

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,088

Total Expenses

$2,931

Mortgage P&I

95%

$1,982

Property Taxes

13%

$271

Home Insurance

7%

$136

HOA

0%

$0

Property Management

10%

$209

CapEx

5%

$104

Vacancy

6%

$125

Maintenance

5%

$104

Other

0%

$0

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