REI Lense

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$2,416 (target)

1002 N Ridge Ave, Kannapolis, NC 28083

3 beds • 2 baths • 1212 sqft

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This property looks like a bad Mid-Term investment with a projected -2.53% first-year return on $79,614 initial cash invested.

-2.53%

Cash On Cash

5.71%

Cap Rate

0.95

DSCR

$2,416

Rent

-$168

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,416 income − $2,584 expenses = $168 out of pocket

Income$2,416Out of Pocket$168Mortgage P&I$1,46861%Property Taxes$1898%Insurance$1054%Management$29012%CapEx$974%Vacancy$723%Maintenance$974%Other$26611%

Investment Breakdown

|

Purchase Price

$293k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,614

Downpayment

20%

$58,680

Closing costs

1%

$2,934

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,416

Total Expenses

$2,584

Mortgage P&I

61%

$1,468

Property Taxes

8%

$189

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$290

CapEx

4%

$97

Vacancy

3%

$72

Maintenance

4%

$97

Other

11%

$266

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