REI Lense

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$2,331 (target)

10427 Danesway Ln, Cornelius, NC 28031

3 beds • 3 baths • 2050 sqft

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This property looks like a bad Long-Term investment with a projected -13.7% first-year return on $102k initial cash invested.

-13.7%

Cash On Cash

3.42%

Cap Rate

0.57

DSCR

$2,331

Rent

-$1,165

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,331 income − $3,496 expenses = $1,165 out of pocket

Income$2,331Out of Pocket$1,165Mortgage P&I$2,431104%Property Taxes$28312%Insurance$1758%Management$23310%CapEx$1175%Vacancy$1406%Maintenance$1175%

Investment Breakdown

|

Purchase Price

$486k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$97,180

Closing costs

1%

$4,859

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,331

Total Expenses

$3,496

Mortgage P&I

104%

$2,431

Property Taxes

12%

$283

Home Insurance

8%

$175

HOA

0%

$0

Property Management

10%

$233

CapEx

5%

$117

Vacancy

6%

$140

Maintenance

5%

$117

Other

0%

$0

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