REI Lense

REI Lense

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$2,901 (target)

6104 King Croydon Ct, Raleigh, NC 27603

3 beds • 3 baths • 2485 sqft

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This property looks like a bad Long-Term investment with a projected -9.81% first-year return on $97,104 initial cash invested.

-9.81%

Cash On Cash

4.47%

Cap Rate

0.73

DSCR

$2,901

Rent

-$794

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,901 income − $3,695 expenses = $794 out of pocket

Income$2,901Out of Pocket$794Mortgage P&I$2,37182%Property Taxes$40414%Insurance$1666%Management$29010%CapEx$1455%Vacancy$1746%Maintenance$1455%

Investment Breakdown

|

Purchase Price

$462k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,104

Downpayment

20%

$92,480

Closing costs

1%

$4,624

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,901

Total Expenses

$3,695

Mortgage P&I

82%

$2,371

Property Taxes

14%

$404

Home Insurance

6%

$166

HOA

0%

$0

Property Management

10%

$290

CapEx

5%

$145

Vacancy

6%

$174

Maintenance

5%

$145

Other

0%

$0

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