REI Lense

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$3,272 (target)

10320 Conistan Pl, Cornelius, NC 28031

3 beds • 3 baths • 1710 sqft

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This property looks like a bad Mid-Term investment with a projected -8.24% first-year return on $114k initial cash invested.

-8.24%

Cash On Cash

4.91%

Cap Rate

0.74

DSCR

$3,272

Rent

-$780

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,272 income − $4,052 expenses = $780 out of pocket

Income$3,272Out of Pocket$780Mortgage P&I$2,51277%Property Taxes$2648%Insurance$1635%Management$39312%CapEx$1314%Vacancy$983%Maintenance$1314%Other$36011%

Investment Breakdown

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Purchase Price

$455k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$91,040

Closing costs

1%

$4,552

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,272

Total Expenses

$4,052

Mortgage P&I

77%

$2,512

Property Taxes

8%

$264

Home Insurance

5%

$163

HOA

0%

$0

Property Management

12%

$393

CapEx

4%

$131

Vacancy

3%

$98

Maintenance

4%

$131

Other

11%

$360

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