REI Lense

REI Lense

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$2,362 (target)

7220 Clear Spring Dr, Fayetteville, NC 28314

3 beds • 2 baths • 1268 sqft

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This property might be a fair Mid-Term investment with a projected 2.9% first-year return on $63,696 initial cash invested.

2.9%

Cash On Cash

7.54%

Cap Rate

1.22

DSCR

$2,362

Rent

$154

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$218k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,696

Downpayment

20%

$43,520

Closing costs

1%

$2,176

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,362

Total Expenses

$2,208

Mortgage P&I

47%

$1,120

Property Taxes

9%

$208

Home Insurance

3%

$78

HOA

0%

$0

Property Management

12%

$283

CapEx

4%

$94

Vacancy

3%

$71

Maintenance

4%

$94

Other

11%

$260

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