REI Lense

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$2,631 (target)

821 E Donaldson Ave, Raeford, NC 28376

3 beds • 3 baths • 1625 sqft

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This property might be a fair Mid-Term investment with a projected 2.35% first-year return on $69,975 initial cash invested.

2.35%

Cash On Cash

8%

Cap Rate

1.17

DSCR

$2,631

Rent

$137

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,631 income − $2,494 expenses = $137 cash flow

Income$2,631Mortgage P&I$1,40954%Property Taxes$1044%Insurance$873%Management$31612%CapEx$1054%Vacancy$793%Maintenance$1054%Other$28911%Cash Flow$137

Investment Breakdown

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Purchase Price

$248k

Downpayment

20.0%

Interest Rate

7.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,975

Downpayment

20%

$49,500

Closing costs

1%

$2,475

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,631

Total Expenses

$2,494

Mortgage P&I

54%

$1,409

Property Taxes

4%

$104

Home Insurance

3%

$87

HOA

0%

$0

Property Management

12%

$316

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$289

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