REI Lense

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$2,287 (target)

616 Lake Artesia Ln, Fuquay Varina, NC 27526

3 beds • 3 baths • 2338 sqft

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This property looks like a bad Long-Term investment with a projected -15.27% first-year return on $97,986 initial cash invested.

-15.27%

Cash On Cash

3.11%

Cap Rate

0.52

DSCR

$2,287

Rent

-$1,247

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,287 income − $3,534 expenses = $1,247 out of pocket

Income$2,287Out of Pocket$1,247Mortgage P&I$2,341102%Property Taxes$36516%Insurance$1707%HOA$643%Management$22910%CapEx$1145%Vacancy$1376%Maintenance$1145%

Investment Breakdown

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Purchase Price

$467k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,986

Downpayment

20%

$93,320

Closing costs

1%

$4,666

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,287

Total Expenses

$3,534

Mortgage P&I

102%

$2,341

Property Taxes

16%

$365

Home Insurance

7%

$170

HOA

3%

$64

Property Management

10%

$229

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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