REI Lense

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$2,195 (target)

6 Haggis Ct, Durham, NC 27705

3 beds • 2 baths • 1512 sqft

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This property looks like a bad Long-Term investment with a projected -9.61% first-year return on $72,660 initial cash invested.

-9.61%

Cash On Cash

4.52%

Cap Rate

0.73

DSCR

$2,195

Rent

-$582

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,195 income − $2,777 expenses = $582 out of pocket

Income$2,195Out of Pocket$582Mortgage P&I$1,77481%Property Taxes$31014%Insurance$1216%Management$22010%CapEx$1105%Vacancy$1326%Maintenance$1105%

Investment Breakdown

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Purchase Price

$346k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,660

Downpayment

20%

$69,200

Closing costs

1%

$3,460

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,195

Total Expenses

$2,777

Mortgage P&I

81%

$1,774

Property Taxes

14%

$310

Home Insurance

6%

$121

HOA

0%

$0

Property Management

10%

$220

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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