REI Lense

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$1,875 (target)

63 White Oak Drive, Smithfield, NC 27577

3 beds • 3 baths • 2006 sqft

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This property looks like a bad Long-Term investment with a projected -5.4% first-year return on $52,878 initial cash invested.

-5.4%

Cash On Cash

5.38%

Cap Rate

0.89

DSCR

$1,875

Rent

-$238

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,875 income − $2,113 expenses = $238 out of pocket

Income$1,875Out of Pocket$238Mortgage P&I$1,27268%Property Taxes$23713%Insurance$1166%Management$18810%CapEx$945%Vacancy$1126%Maintenance$945%

Investment Breakdown

|

Purchase Price

$252k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,878

Downpayment

20%

$50,360

Closing costs

1%

$2,518

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,875

Total Expenses

$2,113

Mortgage P&I

68%

$1,272

Property Taxes

13%

$237

Home Insurance

6%

$116

HOA

0%

$0

Property Management

10%

$188

CapEx

5%

$94

Vacancy

6%

$112

Maintenance

5%

$94

Other

0%

$0

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