REI Lense

REI Lense

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$2,134 (target)

70 Somerset Dr, Franklinton, NC 27525

3 beds • 3 baths • 2079 sqft

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This property looks like a bad Long-Term investment with a projected -9.9% first-year return on $73,311 initial cash invested.

-9.9%

Cash On Cash

4.65%

Cap Rate

0.73

DSCR

$2,134

Rent

-$605

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,134 income − $2,739 expenses = $605 out of pocket

Income$2,134Out of Pocket$605Mortgage P&I$1,85187%Property Taxes$1979%Insurance$1246%HOA$121%Management$21310%CapEx$1075%Vacancy$1286%Maintenance$1075%

Investment Breakdown

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Purchase Price

$349k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,311

Downpayment

20%

$69,820

Closing costs

1%

$3,491

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,134

Total Expenses

$2,739

Mortgage P&I

87%

$1,851

Property Taxes

9%

$197

Home Insurance

6%

$124

HOA

1%

$12

Property Management

10%

$213

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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