REI Lense

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$2,264 (target)

104 Highland St, Belmont, NC 28012

3 beds • 3 baths • 1936 sqft

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This property looks like a bad Long-Term investment with a projected -8.15% first-year return on $78,435 initial cash invested.

-8.15%

Cash On Cash

4.67%

Cap Rate

0.78

DSCR

$2,264

Rent

-$533

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,264 income − $2,797 expenses = $533 out of pocket

Income$2,264Out of Pocket$533Mortgage P&I$1,87583%Property Taxes$1858%Insurance$1497%Management$22610%CapEx$1135%Vacancy$1366%Maintenance$1135%

Investment Breakdown

|

Purchase Price

$374k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,435

Downpayment

20%

$74,700

Closing costs

1%

$3,735

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,264

Total Expenses

$2,797

Mortgage P&I

83%

$1,875

Property Taxes

8%

$185

Home Insurance

7%

$149

HOA

0%

$0

Property Management

10%

$226

CapEx

5%

$113

Vacancy

6%

$136

Maintenance

5%

$113

Other

0%

$0

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