REI Lense

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$2,678 (target)

610 Hastings Rd, Mebane, NC 27302

3 beds • 3 baths • 1700 sqft

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This property looks like a bad Mid-Term investment with a projected -2.46% first-year return on $84,024 initial cash invested.

-2.46%

Cash On Cash

5.77%

Cap Rate

0.96

DSCR

$2,678

Rent

-$172

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,678 income − $2,850 expenses = $172 out of pocket

Income$2,678Out of Pocket$172Mortgage P&I$1,57759%Property Taxes$2228%Insurance$1144%HOA$271%Management$32112%CapEx$1074%Vacancy$803%Maintenance$1074%Other$29511%

Investment Breakdown

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Purchase Price

$314k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,024

Downpayment

20%

$62,880

Closing costs

1%

$3,144

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,678

Total Expenses

$2,850

Mortgage P&I

59%

$1,577

Property Taxes

8%

$222

Home Insurance

4%

$114

HOA

1%

$27

Property Management

12%

$321

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$295

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