REI Lense

REI Lense

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$1,270 (target)

1121 Lundix St, Albemarle, NC 28001

3 beds • 2 baths • 900 sqft

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This property might be a fair Long-Term investment with a projected 5.05% first-year return on $28,497 initial cash invested.

5.05%

Cash On Cash

7.82%

Cap Rate

1.26

DSCR

$1,270

Rent

$120

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$136k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$28,497

Downpayment

20%

$27,140

Closing costs

1%

$1,357

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,270

Total Expenses

$1,150

Mortgage P&I

55%

$700

Property Taxes

6%

$70

Home Insurance

4%

$49

HOA

0%

$0

Property Management

10%

$127

CapEx

5%

$64

Vacancy

6%

$76

Maintenance

5%

$64

Other

0%

$0

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