REI Lense

REI Lense

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$2,446 (target)

6998 Norge St, Fayetteville, NC 28311

3 beds • 2 baths • 1550 sqft

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This property might be a fair Mid-Term investment with a projected 2.66% first-year return on $68,568 initial cash invested.

2.66%

Cash On Cash

7.27%

Cap Rate

1.21

DSCR

$2,446

Rent

$152

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$241k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,568

Downpayment

20%

$48,160

Closing costs

1%

$2,408

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,446

Total Expenses

$2,294

Mortgage P&I

49%

$1,208

Property Taxes

6%

$158

Home Insurance

4%

$96

HOA

0%

$0

Property Management

12%

$294

CapEx

4%

$98

Vacancy

3%

$73

Maintenance

4%

$98

Other

11%

$269

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