REI Lense

REI Lense

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$2,097 (target)

805 Adelaide Drive, Wilmington, NC 28412

3 beds • 2 baths • 1532 sqft

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This property looks like a bad Long-Term investment with a projected -10.75% first-year return on $83,370 initial cash invested.

-10.75%

Cash On Cash

4.08%

Cap Rate

0.68

DSCR

$2,097

Rent

-$747

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$397k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,370

Downpayment

20%

$79,400

Closing costs

1%

$3,970

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,097

Total Expenses

$2,844

Mortgage P&I

95%

$1,991

Property Taxes

8%

$168

Home Insurance

7%

$139

HOA

0%

$0

Property Management

10%

$210

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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