REI Lense

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$2,814 (target)

5618 Cates Dr, Greensboro, NC 27409

3 beds • 2 baths • 2063 sqft

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This property looks like a bad Mid-Term investment with a projected -4.56% first-year return on $91,038 initial cash invested.

-4.56%

Cash On Cash

5.82%

Cap Rate

0.88

DSCR

$2,814

Rent

-$346

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,814 income − $3,160 expenses = $346 out of pocket

Income$2,814Out of Pocket$346Mortgage P&I$1,91968%Property Taxes$1566%Insurance$1275%Management$33812%CapEx$1134%Vacancy$843%Maintenance$1134%Other$31011%

Investment Breakdown

|

Purchase Price

$348k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,038

Downpayment

20%

$69,560

Closing costs

1%

$3,478

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,814

Total Expenses

$3,160

Mortgage P&I

68%

$1,919

Property Taxes

6%

$156

Home Insurance

5%

$127

HOA

0%

$0

Property Management

12%

$338

CapEx

4%

$113

Vacancy

3%

$84

Maintenance

4%

$113

Other

11%

$310

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