REI Lense

REI Lense

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$1,676 (target)

1121 Cleveland Ave, Gastonia, NC 28052

3 beds • 2 baths • 1200 sqft

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This property looks like a bad Long-Term investment with a projected -9.63% first-year return on $51,702 initial cash invested.

-9.63%

Cash On Cash

4.9%

Cap Rate

0.75

DSCR

$1,676

Rent

-$415

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,676 income − $2,091 expenses = $415 out of pocket

Income$1,676Out of Pocket$415Mortgage P&I$1,33680%Property Taxes$23014%Insurance$885%Management$16810%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

|

Purchase Price

$246k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,702

Downpayment

20%

$49,240

Closing costs

1%

$2,462

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,676

Total Expenses

$2,091

Mortgage P&I

80%

$1,336

Property Taxes

14%

$230

Home Insurance

5%

$88

HOA

0%

$0

Property Management

10%

$168

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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