REI Lense

REI Lense

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$3,567 (target)

8220 Harps Mill Rd, Raleigh, NC 27615

3 beds • 3 baths • 1988 sqft

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This property looks like a bad Mid-Term investment with a projected -2.39% first-year return on $104k initial cash invested.

-2.39%

Cash On Cash

5.81%

Cap Rate

0.97

DSCR

$3,567

Rent

-$208

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,567 income − $3,775 expenses = $208 out of pocket

Income$3,567Out of Pocket$208Mortgage P&I$2,05658%Property Taxes$35210%Insurance$1494%HOA$5Management$42812%CapEx$1434%Vacancy$1073%Maintenance$1434%Other$39211%

Investment Breakdown

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Purchase Price

$411k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$82,180

Closing costs

1%

$4,109

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,567

Total Expenses

$3,775

Mortgage P&I

58%

$2,056

Property Taxes

10%

$352

Home Insurance

4%

$149

HOA

0%

$5

Property Management

12%

$428

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$392

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