REI Lense

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$3,080 (target)

5825 Ridgeview Rd, Durham, NC 27712

3 beds • 2 baths • 1628 sqft

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This property might be a fair Mid-Term investment with a projected 0.27% first-year return on $89,505 initial cash invested.

0.27%

Cash On Cash

6.49%

Cap Rate

1.08

DSCR

$3,080

Rent

$20

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,080 income − $3,060 expenses = $20 cash flow

Income$3,080Mortgage P&I$1,69855%Property Taxes$1936%Insurance$1224%Management$37012%CapEx$1234%Vacancy$923%Maintenance$1234%Other$33911%Cash Flow$20

Investment Breakdown

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Purchase Price

$341k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,505

Downpayment

20%

$68,100

Closing costs

1%

$3,405

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,080

Total Expenses

$3,060

Mortgage P&I

55%

$1,698

Property Taxes

6%

$193

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$370

CapEx

4%

$123

Vacancy

3%

$92

Maintenance

4%

$123

Other

11%

$339

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