REI Lense

REI Lense

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$1,732 (target)

113 Pleasant St, Belmont, NC 28012

3 beds • 2 baths • 1318 sqft

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This property looks like a bad Long-Term investment with a projected -10.21% first-year return on $62,853 initial cash invested.

-10.21%

Cash On Cash

4.14%

Cap Rate

0.7

DSCR

$1,732

Rent

-$535

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,732 income − $2,267 expenses = $535 out of pocket

Income$1,732Out of Pocket$535Mortgage P&I$1,48186%Property Taxes$23514%Insurance$1006%Management$17310%CapEx$875%Vacancy$1046%Maintenance$875%

Investment Breakdown

|

Purchase Price

$299k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,853

Downpayment

20%

$59,860

Closing costs

1%

$2,993

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,732

Total Expenses

$2,267

Mortgage P&I

86%

$1,481

Property Taxes

14%

$235

Home Insurance

6%

$100

HOA

0%

$0

Property Management

10%

$173

CapEx

5%

$87

Vacancy

6%

$104

Maintenance

5%

$87

Other

0%

$0

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