REI Lense

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$1,713 (target)

5527 Ballentine St, Hope Mills, NC 28348

3 beds • 2 baths • 1504 sqft

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This property looks like a bad Long-Term investment with a projected -8.5% first-year return on $52,080 initial cash invested.

-8.5%

Cash On Cash

4.88%

Cap Rate

0.78

DSCR

$1,713

Rent

-$369

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,713 income − $2,082 expenses = $369 out of pocket

Income$1,713Out of Pocket$369Mortgage P&I$1,29275%Property Taxes$25615%Insurance$885%Management$17110%CapEx$865%Vacancy$1036%Maintenance$865%

Investment Breakdown

|

Purchase Price

$248k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,080

Downpayment

20%

$49,600

Closing costs

1%

$2,480

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,713

Total Expenses

$2,082

Mortgage P&I

75%

$1,292

Property Taxes

15%

$256

Home Insurance

5%

$88

HOA

0%

$0

Property Management

10%

$171

CapEx

5%

$86

Vacancy

6%

$103

Maintenance

5%

$86

Other

0%

$0

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