REI Lense

REI Lense

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$2,918 (target)

10219 Mountain Apple Dr, Mint Hill, NC 28227

3 beds • 2 baths • 1363 sqft

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This property looks like a bad Mid-Term investment with a projected -0.76% first-year return on $88,245 initial cash invested.

-0.76%

Cash On Cash

6.22%

Cap Rate

1.04

DSCR

$2,918

Rent

-$56

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,918 income − $2,974 expenses = $56 out of pocket

Income$2,918Out of Pocket$56Mortgage P&I$1,67457%Property Taxes$1866%Insurance$1214%Management$35012%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32111%

Investment Breakdown

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Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,245

Downpayment

20%

$66,900

Closing costs

1%

$3,345

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,918

Total Expenses

$2,974

Mortgage P&I

57%

$1,674

Property Taxes

6%

$186

Home Insurance

4%

$121

HOA

0%

$0

Property Management

12%

$350

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$321

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