REI Lense

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$2,224 (target)

1101 Oakwood Ave, Kannapolis, NC 28081

3 beds • 2 baths • 1298 sqft

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This property looks like a bad Mid-Term investment with a projected -2.37% first-year return on $72,369 initial cash invested.

-2.37%

Cash On Cash

5.69%

Cap Rate

0.96

DSCR

$2,224

Rent

-$143

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,224 income − $2,367 expenses = $143 out of pocket

Income$2,224Out of Pocket$143Mortgage P&I$1,28158%Property Taxes$23310%Insurance$964%Management$26712%CapEx$894%Vacancy$673%Maintenance$894%Other$24511%

Investment Breakdown

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Purchase Price

$259k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,369

Downpayment

20%

$51,780

Closing costs

1%

$2,589

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,224

Total Expenses

$2,367

Mortgage P&I

58%

$1,281

Property Taxes

10%

$233

Home Insurance

4%

$96

HOA

0%

$0

Property Management

12%

$267

CapEx

4%

$89

Vacancy

3%

$67

Maintenance

4%

$89

Other

11%

$245

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