REI Lense

REI Lense

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$3,231 (target)

107 Howe St, Belmont, NC 28012

3 beds • 3 baths • 1600 sqft

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This property looks like a bad Mid-Term investment with a projected -4.23% first-year return on $103k initial cash invested.

-4.23%

Cash On Cash

5.32%

Cap Rate

0.88

DSCR

$3,231

Rent

-$362

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$403k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$80,640

Closing costs

1%

$4,032

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,231

Total Expenses

$3,593

Mortgage P&I

63%

$2,020

Property Taxes

9%

$305

Home Insurance

5%

$154

HOA

1%

$16

Property Management

12%

$388

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$355

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