REI Lense

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$3,878 (target)

757 Turtle Creek Dr, Pittsboro, NC 27312

3 beds • 3 baths • 2362 sqft

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This property looks like a bad Mid-Term investment with a projected -17.51% first-year return on $218k initial cash invested.

-17.51%

Cash On Cash

2.51%

Cap Rate

0.4

DSCR

$3,878

Rent

-$3,176

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,878 income − $7,054 expenses = $3,176 out of pocket

Income$3,878Out of Pocket$3,176Mortgage P&I$5,008129%Property Taxes$37810%Insurance$3509%Management$46512%CapEx$1554%Vacancy$1163%Maintenance$1554%Other$42711%

Investment Breakdown

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Purchase Price

$951k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$218k

Downpayment

20%

$190k

Closing costs

1%

$9,506

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,878

Total Expenses

$7,054

Mortgage P&I

129%

$5,008

Property Taxes

10%

$378

Home Insurance

9%

$350

HOA

0%

$0

Property Management

12%

$465

CapEx

4%

$155

Vacancy

3%

$116

Maintenance

4%

$155

Other

11%

$427

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