REI Lense

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$2,159 (target)

648 Rockbank Loop, Wendell, NC 27591

3 beds • 3 baths • 2116 sqft

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This property looks like a bad Long-Term investment with a projected -16.07% first-year return on $85,365 initial cash invested.

-16.07%

Cash On Cash

3.52%

Cap Rate

0.54

DSCR

$2,159

Rent

-$1,143

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,159 income − $3,302 expenses = $1,143 out of pocket

Income$2,159Out of Pocket$1,143Mortgage P&I$2,226103%Property Taxes$37017%Insurance$1447%Management$21610%CapEx$1085%Vacancy$1306%Maintenance$1085%

Investment Breakdown

|

Purchase Price

$407k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,365

Downpayment

20%

$81,300

Closing costs

1%

$4,065

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,159

Total Expenses

$3,302

Mortgage P&I

103%

$2,226

Property Taxes

17%

$370

Home Insurance

7%

$144

HOA

0%

$0

Property Management

10%

$216

CapEx

5%

$108

Vacancy

6%

$130

Maintenance

5%

$108

Other

0%

$0

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