REI Lense

REI Lense

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$2,231 (target)

8112 Bellingham Cir, Raleigh, NC 27615

3 beds • 2 baths • 1592 sqft

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This property looks like a bad Long-Term investment with a projected -10.47% first-year return on $80,535 initial cash invested.

-10.47%

Cash On Cash

4.22%

Cap Rate

0.7

DSCR

$2,231

Rent

-$703

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,231 income − $2,934 expenses = $703 out of pocket

Income$2,231Out of Pocket$703Mortgage P&I$1,93987%Property Taxes$27612%Insurance$1386%Management$22310%CapEx$1125%Vacancy$1346%Maintenance$1125%

Investment Breakdown

|

Purchase Price

$384k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,535

Downpayment

20%

$76,700

Closing costs

1%

$3,835

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,231

Total Expenses

$2,934

Mortgage P&I

87%

$1,939

Property Taxes

12%

$276

Home Insurance

6%

$138

HOA

0%

$0

Property Management

10%

$223

CapEx

5%

$112

Vacancy

6%

$134

Maintenance

5%

$112

Other

0%

$0

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