REI Lense

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$1,852 (target)

803 Maple St, Elizabeth City, NC 27909

3 beds • 2 baths • 1434 sqft

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This property looks like a bad Long-Term investment with a projected -8.43% first-year return on $62,370 initial cash invested.

-8.43%

Cash On Cash

4.72%

Cap Rate

0.77

DSCR

$1,852

Rent

-$438

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,852 income − $2,290 expenses = $438 out of pocket

Income$1,852Out of Pocket$438Mortgage P&I$1,51482%Property Taxes$19010%Insurance$1046%Management$18510%CapEx$935%Vacancy$1116%Maintenance$935%

Investment Breakdown

|

Purchase Price

$297k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,370

Downpayment

20%

$59,400

Closing costs

1%

$2,970

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,852

Total Expenses

$2,290

Mortgage P&I

82%

$1,514

Property Taxes

10%

$190

Home Insurance

6%

$104

HOA

0%

$0

Property Management

10%

$185

CapEx

5%

$93

Vacancy

6%

$111

Maintenance

5%

$93

Other

0%

$0

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