REI Lense

REI Lense

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$2,590 (target)

5600 Cardinal Landing Dr, Raleigh, NC 27603

3 beds • 3 baths • 2477 sqft

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This property looks like a bad Long-Term investment with a projected -10.86% first-year return on $93,135 initial cash invested.

-10.86%

Cash On Cash

4.53%

Cap Rate

0.7

DSCR

$2,590

Rent

-$843

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,590 income − $3,433 expenses = $843 out of pocket

Income$2,590Out of Pocket$843Mortgage P&I$2,38792%Property Taxes$2088%Insurance$1586%HOA$6Management$25910%CapEx$1305%Vacancy$1556%Maintenance$1305%

Investment Breakdown

|

Purchase Price

$444k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,135

Downpayment

20%

$88,700

Closing costs

1%

$4,435

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,590

Total Expenses

$3,433

Mortgage P&I

92%

$2,387

Property Taxes

8%

$208

Home Insurance

6%

$158

HOA

0%

$6

Property Management

10%

$259

CapEx

5%

$130

Vacancy

6%

$155

Maintenance

5%

$130

Other

0%

$0

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