REI Lense

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$3,202 (target)

6602 Dorrington Drive, Wilmington, NC 28412

3 beds • 2 baths • 1332 sqft

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This property might be a fair Mid-Term investment with a projected 0.57% first-year return on $94,587 initial cash invested.

0.57%

Cash On Cash

6.5%

Cap Rate

1.1

DSCR

$3,202

Rent

$45

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,202 income − $3,157 expenses = $45 cash flow

Income$3,202Mortgage P&I$1,80256%Property Taxes$1184%Insurance$1334%HOA$16Management$38412%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35211%Cash Flow$45

Investment Breakdown

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Purchase Price

$365k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,587

Downpayment

20%

$72,940

Closing costs

1%

$3,647

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,202

Total Expenses

$3,157

Mortgage P&I

56%

$1,802

Property Taxes

4%

$118

Home Insurance

4%

$133

HOA

1%

$16

Property Management

12%

$384

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$352

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