REI Lense

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$2,181 (target)

10320 Conistan Pl, Cornelius, NC 28031

3 beds • 3 baths • 1710 sqft

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This property looks like a bad Long-Term investment with a projected -16.63% first-year return on $95,592 initial cash invested.

-16.63%

Cash On Cash

3.42%

Cap Rate

0.52

DSCR

$2,181

Rent

-$1,325

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,181 income − $3,506 expenses = $1,325 out of pocket

Income$2,181Out of Pocket$1,325Mortgage P&I$2,512115%Property Taxes$26412%Insurance$1637%Management$21810%CapEx$1095%Vacancy$1316%Maintenance$1095%

Investment Breakdown

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Purchase Price

$455k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,592

Downpayment

20%

$91,040

Closing costs

1%

$4,552

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,181

Total Expenses

$3,506

Mortgage P&I

115%

$2,512

Property Taxes

12%

$264

Home Insurance

7%

$163

HOA

0%

$0

Property Management

10%

$218

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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