REI Lense

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$2,092 (target)

6616 Speight Cir, Raleigh, NC 27616

3 beds • 3 baths • 1814 sqft

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This property looks like a bad Long-Term investment with a projected -15.54% first-year return on $81,879 initial cash invested.

-15.54%

Cash On Cash

3.75%

Cap Rate

0.56

DSCR

$2,092

Rent

-$1,060

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,092 income − $3,152 expenses = $1,060 out of pocket

Income$2,092Out of Pocket$1,060Mortgage P&I$2,172104%Property Taxes$28414%Insurance$1407%HOA$111%Management$20910%CapEx$1055%Vacancy$1266%Maintenance$1055%

Investment Breakdown

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Purchase Price

$390k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,879

Downpayment

20%

$77,980

Closing costs

1%

$3,899

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,092

Total Expenses

$3,152

Mortgage P&I

104%

$2,172

Property Taxes

14%

$284

Home Insurance

7%

$140

HOA

1%

$11

Property Management

10%

$209

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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