REI Lense

REI Lense

Unlock all features! Tap here to upgrade

512 Queen Street, Wilmington, NC 28401

3 beds • 3 baths • 2283 sqft

Email

This property looks like a bad Airbnb investment with a projected -17.7% first-year return on $196k initial cash invested.

-17.7%

Cash On Cash

2.07%

Cap Rate

0.35

DSCR

$3,456

Rent

-$2,896

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,456 income − $6,352 expenses = $2,896 out of pocket

Income$3,456Out of Pocket$2,896Mortgage P&I$4,226122%Property Taxes$1715%Insurance$2979%Management$51815%CapEx$1384%Maintenance$1384%Other$86425%

Investment Breakdown

|

Purchase Price

$849k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$196k

Downpayment

20%

$170k

Closing costs

1%

$8,490

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,456

Total Expenses

$6,352

Mortgage P&I

122%

$4,226

Property Taxes

5%

$171

Home Insurance

9%

$297

HOA

0%

$0

Property Management

15%

$518

CapEx

4%

$138

Vacancy

0%

$0

Maintenance

4%

$138

Other

25%

$864

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis