REI Lense

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$3,358 (target)

533 Flagler Drive, Wilmington, NC 28411

3 beds • 2 baths • 1404 sqft

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This property might be a fair Mid-Term investment with a projected 0.88% first-year return on $95,490 initial cash invested.

0.88%

Cash On Cash

6.67%

Cap Rate

1.11

DSCR

$3,358

Rent

$70

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,358 income − $3,288 expenses = $70 cash flow

Income$3,358Mortgage P&I$1,84755%Property Taxes$1234%Insurance$1444%HOA$331%Management$40312%CapEx$1344%Vacancy$1013%Maintenance$1344%Other$36911%Cash Flow$70

Investment Breakdown

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Purchase Price

$369k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,490

Downpayment

20%

$73,800

Closing costs

1%

$3,690

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,358

Total Expenses

$3,288

Mortgage P&I

55%

$1,847

Property Taxes

4%

$123

Home Insurance

4%

$144

HOA

1%

$33

Property Management

12%

$403

CapEx

4%

$134

Vacancy

3%

$101

Maintenance

4%

$134

Other

11%

$369

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