REI Lense

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$1,428 (target)

5938 Spinner Rd, Hope Mills, NC 28348

3 beds • 2 baths • 1286 sqft

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This property looks like a bad Long-Term investment with a projected -11.28% first-year return on $52,668 initial cash invested.

-11.28%

Cash On Cash

3.9%

Cap Rate

0.66

DSCR

$1,428

Rent

-$495

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,428 income − $1,923 expenses = $495 out of pocket

Income$1,428Out of Pocket$495Mortgage P&I$1,23987%Property Taxes$22416%Insurance$896%Management$14310%CapEx$715%Vacancy$866%Maintenance$715%

Investment Breakdown

|

Purchase Price

$251k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,668

Downpayment

20%

$50,160

Closing costs

1%

$2,508

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,428

Total Expenses

$1,923

Mortgage P&I

87%

$1,239

Property Taxes

16%

$224

Home Insurance

6%

$89

HOA

0%

$0

Property Management

10%

$143

CapEx

5%

$71

Vacancy

6%

$86

Maintenance

5%

$71

Other

0%

$0

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