REI Lense

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$3,339 (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 Mid-Term investment with a projected -4.78% first-year return on $108k initial cash invested.

-4.78%

Cash On Cash

5.19%

Cap Rate

0.86

DSCR

$3,339

Rent

-$430

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,339 income − $3,769 expenses = $430 out of pocket

Income$3,339Out of Pocket$430Mortgage P&I$2,15164%Property Taxes$32810%Insurance$1545%Management$40112%CapEx$1344%Vacancy$1003%Maintenance$1344%Other$36711%

Investment Breakdown

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Purchase Price

$429k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$85,700

Closing costs

1%

$4,285

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,339

Total Expenses

$3,769

Mortgage P&I

64%

$2,151

Property Taxes

10%

$328

Home Insurance

5%

$154

HOA

0%

$0

Property Management

12%

$401

CapEx

4%

$134

Vacancy

3%

$100

Maintenance

4%

$134

Other

11%

$367

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