REI Lense

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$1,483 (target)

1101 Oakwood Ave, Kannapolis, NC 28081

3 beds • 2 baths • 1298 sqft

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This property looks like a bad Long-Term investment with a projected -11.3% first-year return on $54,369 initial cash invested.

-11.3%

Cash On Cash

3.91%

Cap Rate

0.66

DSCR

$1,483

Rent

-$512

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,483 income − $1,995 expenses = $512 out of pocket

Income$1,483Out of Pocket$512Mortgage P&I$1,28186%Property Taxes$23316%Insurance$966%Management$14810%CapEx$745%Vacancy$896%Maintenance$745%

Investment Breakdown

|

Purchase Price

$259k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,369

Downpayment

20%

$51,780

Closing costs

1%

$2,589

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,483

Total Expenses

$1,995

Mortgage P&I

86%

$1,281

Property Taxes

16%

$233

Home Insurance

6%

$96

HOA

0%

$0

Property Management

10%

$148

CapEx

5%

$74

Vacancy

6%

$89

Maintenance

5%

$74

Other

0%

$0

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