REI Lense

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$1,611 (target)

1002 N Ridge Ave, Kannapolis, NC 28083

3 beds • 2 baths • 1212 sqft

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This property looks like a bad Long-Term investment with a projected -11.12% first-year return on $61,614 initial cash invested.

-11.12%

Cash On Cash

4%

Cap Rate

0.67

DSCR

$1,611

Rent

-$571

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,611 income − $2,182 expenses = $571 out of pocket

Income$1,611Out of Pocket$571Mortgage P&I$1,46891%Property Taxes$18912%Insurance$1057%Management$16110%CapEx$815%Vacancy$976%Maintenance$815%

Investment Breakdown

|

Purchase Price

$293k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,614

Downpayment

20%

$58,680

Closing costs

1%

$2,934

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,611

Total Expenses

$2,182

Mortgage P&I

91%

$1,468

Property Taxes

12%

$189

Home Insurance

7%

$105

HOA

0%

$0

Property Management

10%

$161

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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