REI Lense

REI Lense

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$2,119 (target)

6301 Evanston Court, Wilmington, NC 28412

3 beds • 2 baths • 1351 sqft

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This property looks like a bad Long-Term investment with a projected -8.12% first-year return on $77,868 initial cash invested.

-8.12%

Cash On Cash

4.64%

Cap Rate

0.77

DSCR

$2,119

Rent

-$527

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,119 income − $2,646 expenses = $527 out of pocket

Income$2,119Out of Pocket$527Mortgage P&I$1,85588%Property Taxes$1045%Insurance$1366%Management$21210%CapEx$1065%Vacancy$1276%Maintenance$1065%

Investment Breakdown

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Purchase Price

$371k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,868

Downpayment

20%

$74,160

Closing costs

1%

$3,708

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,119

Total Expenses

$2,646

Mortgage P&I

88%

$1,855

Property Taxes

5%

$104

Home Insurance

6%

$136

HOA

0%

$0

Property Management

10%

$212

CapEx

5%

$106

Vacancy

6%

$127

Maintenance

5%

$106

Other

0%

$0

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