REI Lense

REI Lense

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$2,304 (target)

12501 Diamond Dr, Pineville, NC 28134

3 beds • 3 baths • 1811 sqft

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This property looks like a bad Long-Term investment with a projected -12.65% first-year return on $94,731 initial cash invested.

-12.65%

Cash On Cash

3.71%

Cap Rate

0.61

DSCR

$2,304

Rent

-$999

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,304 income − $3,303 expenses = $999 out of pocket

Income$2,304Out of Pocket$999Mortgage P&I$2,27999%Property Taxes$22810%Insurance$1617%HOA$372%Management$23010%CapEx$1155%Vacancy$1386%Maintenance$1155%

Investment Breakdown

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Purchase Price

$451k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,731

Downpayment

20%

$90,220

Closing costs

1%

$4,511

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,304

Total Expenses

$3,303

Mortgage P&I

99%

$2,279

Property Taxes

10%

$228

Home Insurance

7%

$161

HOA

2%

$37

Property Management

10%

$230

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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