REI Lense

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$3,344 (target)

636 Avington Lane NE #1032, Leland, NC 28451

3 beds • 2 baths • 1618 sqft

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This property might be a fair Mid-Term investment with a projected 2.36% first-year return on $91,080 initial cash invested.

2.36%

Cash On Cash

7.1%

Cap Rate

1.18

DSCR

$3,344

Rent

$179

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,344 income − $3,165 expenses = $179 cash flow

Income$3,344Mortgage P&I$1,74752%Property Taxes$1063%Insurance$1224%HOA$532%Management$40112%CapEx$1344%Vacancy$1003%Maintenance$1344%Other$36811%Cash Flow$179

Investment Breakdown

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Purchase Price

$348k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,080

Downpayment

20%

$69,600

Closing costs

1%

$3,480

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,344

Total Expenses

$3,165

Mortgage P&I

52%

$1,747

Property Taxes

3%

$106

Home Insurance

4%

$122

HOA

2%

$53

Property Management

12%

$401

CapEx

4%

$134

Vacancy

3%

$100

Maintenance

4%

$134

Other

11%

$368

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