REI Lense

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$2,820 (target)

52 Elliot Dr, Clayton, NC 27520

3 beds • 3 baths • 1510 sqft

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This property looks like a bad Mid-Term investment with a projected -3.96% first-year return on $85,683 initial cash invested.

-3.96%

Cash On Cash

5.54%

Cap Rate

0.9

DSCR

$2,820

Rent

-$283

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,820 income − $3,103 expenses = $283 out of pocket

Income$2,820Out of Pocket$283Mortgage P&I$1,65859%Property Taxes$2489%Insurance$1144%HOA$1244%Management$33812%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31011%

Investment Breakdown

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Purchase Price

$322k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,683

Downpayment

20%

$64,460

Closing costs

1%

$3,223

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,820

Total Expenses

$3,103

Mortgage P&I

59%

$1,658

Property Taxes

9%

$248

Home Insurance

4%

$114

HOA

4%

$124

Property Management

12%

$338

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$310

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