REI Lense

REI Lense

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$2,246 (target)

10878 Store House Ct, Davidson, NC 28036

3 beds • 3 baths • 1762 sqft

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This property looks like a bad Long-Term investment with a projected -12.99% first-year return on $85,827 initial cash invested.

-12.99%

Cash On Cash

3.75%

Cap Rate

0.61

DSCR

$2,246

Rent

-$929

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,246 income − $3,175 expenses = $929 out of pocket

Income$2,246Out of Pocket$929Mortgage P&I$2,09493%Property Taxes$35216%Insurance$1456%Management$22510%CapEx$1125%Vacancy$1356%Maintenance$1125%

Investment Breakdown

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Purchase Price

$409k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,827

Downpayment

20%

$81,740

Closing costs

1%

$4,087

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,246

Total Expenses

$3,175

Mortgage P&I

93%

$2,094

Property Taxes

16%

$352

Home Insurance

6%

$145

HOA

0%

$0

Property Management

10%

$225

CapEx

5%

$112

Vacancy

6%

$135

Maintenance

5%

$112

Other

0%

$0

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