REI Lense

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$2,229 (target)

636 Avington Lane NE #1032, Leland, NC 28451

3 beds • 2 baths • 1618 sqft

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This property looks like a bad Long-Term investment with a projected -6.21% first-year return on $73,080 initial cash invested.

-6.21%

Cash On Cash

5.1%

Cap Rate

0.85

DSCR

$2,229

Rent

-$378

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,229 income − $2,607 expenses = $378 out of pocket

Income$2,229Out of Pocket$378Mortgage P&I$1,74778%Property Taxes$1065%Insurance$1225%HOA$532%Management$22310%CapEx$1115%Vacancy$1346%Maintenance$1115%

Investment Breakdown

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Purchase Price

$348k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,080

Downpayment

20%

$69,600

Closing costs

1%

$3,480

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,229

Total Expenses

$2,607

Mortgage P&I

78%

$1,747

Property Taxes

5%

$106

Home Insurance

5%

$122

HOA

2%

$53

Property Management

10%

$223

CapEx

5%

$111

Vacancy

6%

$134

Maintenance

5%

$111

Other

0%

$0

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