REI Lense

REI Lense

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$1,844 (target)

603 Snow Hill Rd, Durham, NC 27712

3 beds • 2 baths • 2327 sqft

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This property looks like a bad Long-Term investment with a projected -16.67% first-year return on $94,290 initial cash invested.

-16.67%

Cash On Cash

2.95%

Cap Rate

0.48

DSCR

$1,844

Rent

-$1,310

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,844 income − $3,154 expenses = $1,310 out of pocket

Income$1,844Out of Pocket$1,310Mortgage P&I$2,320126%Property Taxes$19811%Insurance$1579%Management$18410%CapEx$925%Vacancy$1116%Maintenance$925%

Investment Breakdown

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Purchase Price

$449k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,290

Downpayment

20%

$89,800

Closing costs

1%

$4,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,844

Total Expenses

$3,154

Mortgage P&I

126%

$2,320

Property Taxes

11%

$198

Home Insurance

9%

$157

HOA

0%

$0

Property Management

10%

$184

CapEx

5%

$92

Vacancy

6%

$111

Maintenance

5%

$92

Other

0%

$0

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