REI Lense

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$3,426 (target)

11122 Aprilia Ln, Cornelius, NC 28031

3 beds • 3 baths • 1724 sqft

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This property looks like a bad Mid-Term investment with a projected -6.91% first-year return on $113k initial cash invested.

-6.91%

Cash On Cash

5.23%

Cap Rate

0.79

DSCR

$3,426

Rent

-$649

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,426 income − $4,075 expenses = $649 out of pocket

Income$3,426Out of Pocket$649Mortgage P&I$2,47672%Property Taxes$2116%Insurance$1615%HOA$622%Management$41112%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37711%

Investment Breakdown

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Purchase Price

$451k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,180

Closing costs

1%

$4,509

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,426

Total Expenses

$4,075

Mortgage P&I

72%

$2,476

Property Taxes

6%

$211

Home Insurance

5%

$161

HOA

2%

$62

Property Management

12%

$411

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$377

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