REI Lense

REI Lense

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$2,226 (target)

121 Country Creek Dr, Kings Mountain, NC 28086

3 beds • 3 baths • 2353 sqft

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This property looks like a bad Long-Term investment with a projected -13.15% first-year return on $89,985 initial cash invested.

-13.15%

Cash On Cash

3.57%

Cap Rate

0.59

DSCR

$2,226

Rent

-$986

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,226 income − $3,212 expenses = $986 out of pocket

Income$2,226Out of Pocket$986Mortgage P&I$2,15197%Property Taxes$32815%Insurance$1547%Management$22310%CapEx$1115%Vacancy$1346%Maintenance$1115%

Investment Breakdown

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Purchase Price

$429k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,985

Downpayment

20%

$85,700

Closing costs

1%

$4,285

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,226

Total Expenses

$3,212

Mortgage P&I

97%

$2,151

Property Taxes

15%

$328

Home Insurance

7%

$154

HOA

0%

$0

Property Management

10%

$223

CapEx

5%

$111

Vacancy

6%

$134

Maintenance

5%

$111

Other

0%

$0

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