REI Lense

REI Lense

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$1,204 (target)

105 Falls St, Kings Mountain, NC 28086

3 beds • 2 baths • 1207 sqft

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This property looks like a bad Long-Term investment with a projected -13.78% first-year return on $58,779 initial cash invested.

-13.78%

Cash On Cash

3.53%

Cap Rate

0.57

DSCR

$1,204

Rent

-$675

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,204 income − $1,879 expenses = $675 out of pocket

Income$1,204Out of Pocket$675Mortgage P&I$1,439120%Property Taxes$302%Insurance$988%Management$12010%CapEx$605%Vacancy$726%Maintenance$605%

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,779

Downpayment

20%

$55,980

Closing costs

1%

$2,799

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,204

Total Expenses

$1,879

Mortgage P&I

120%

$1,439

Property Taxes

2%

$30

Home Insurance

8%

$98

HOA

0%

$0

Property Management

10%

$120

CapEx

5%

$60

Vacancy

6%

$72

Maintenance

5%

$60

Other

0%

$0

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