REI Lense

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$1,991 (target)

1006 Strawberry Ln, Gastonia, NC 28054

3 beds • 3 baths • 1925 sqft

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This property looks like a bad Long-Term investment with a projected -16.4% first-year return on $91,560 initial cash invested.

-16.4%

Cash On Cash

2.88%

Cap Rate

0.48

DSCR

$1,991

Rent

-$1,251

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,991 income − $3,242 expenses = $1,251 out of pocket

Income$1,991Out of Pocket$1,251Mortgage P&I$2,198110%Property Taxes$36818%Insurance$1588%Management$19910%CapEx$1005%Vacancy$1196%Maintenance$1005%

Investment Breakdown

|

Purchase Price

$436k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,560

Downpayment

20%

$87,200

Closing costs

1%

$4,360

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,991

Total Expenses

$3,242

Mortgage P&I

110%

$2,198

Property Taxes

18%

$368

Home Insurance

8%

$158

HOA

0%

$0

Property Management

10%

$199

CapEx

5%

$100

Vacancy

6%

$119

Maintenance

5%

$100

Other

0%

$0

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