REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$3,316 (target)

10717 Danesway Ln, Cornelius, NC 28031

3 beds • 3 baths • 1864 sqft

Email

This property looks like a bad Mid-Term investment with a projected -4.72% first-year return on $106k initial cash invested.

-4.72%

Cash On Cash

5.52%

Cap Rate

0.87

DSCR

$3,316

Rent

-$417

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,316 income − $3,733 expenses = $417 out of pocket

Income$3,316Out of Pocket$417Mortgage P&I$2,21267%Property Taxes$2437%Insurance$1505%Management$39812%CapEx$1334%Vacancy$993%Maintenance$1334%Other$36511%

Investment Breakdown

|

Purchase Price

$419k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$83,800

Closing costs

1%

$4,190

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,316

Total Expenses

$3,733

Mortgage P&I

67%

$2,212

Property Taxes

7%

$243

Home Insurance

5%

$150

HOA

0%

$0

Property Management

12%

$398

CapEx

4%

$133

Vacancy

3%

$99

Maintenance

4%

$133

Other

11%

$365

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis