REI Lense

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$3,885 (target)

5600 Cardinal Landing Dr, Raleigh, NC 27603

3 beds • 3 baths • 2477 sqft

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This property looks like a bad Mid-Term investment with a projected -2.09% first-year return on $111k initial cash invested.

-2.09%

Cash On Cash

6.35%

Cap Rate

0.98

DSCR

$3,885

Rent

-$194

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,885 income − $4,079 expenses = $194 out of pocket

Income$3,885Out of Pocket$194Mortgage P&I$2,38761%Property Taxes$2085%Insurance$1584%HOA$6Management$46612%CapEx$1554%Vacancy$1173%Maintenance$1554%Other$42711%

Investment Breakdown

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Purchase Price

$444k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$88,700

Closing costs

1%

$4,435

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,885

Total Expenses

$4,079

Mortgage P&I

61%

$2,387

Property Taxes

5%

$208

Home Insurance

4%

$158

HOA

0%

$6

Property Management

12%

$466

CapEx

4%

$155

Vacancy

3%

$117

Maintenance

4%

$155

Other

11%

$427

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