REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,646 (target)

12701 Meetinghouse Dr, Cornelius, NC 28031

3 beds • 2 baths • 2144 sqft

Email

This property looks like a bad Long-Term investment with a projected -20.42% first-year return on $141k initial cash invested.

-20.42%

Cash On Cash

1.92%

Cap Rate

0.32

DSCR

$2,646

Rent

-$2,398

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,646 income − $5,044 expenses = $2,398 out of pocket

Income$2,646Out of Pocket$2,398Mortgage P&I$3,341126%Property Taxes$38214%Insurance$2369%HOA$39715%Management$26510%CapEx$1325%Vacancy$1596%Maintenance$1325%

Investment Breakdown

|

Purchase Price

$671k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$141k

Downpayment

20%

$134k

Closing costs

1%

$6,710

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,646

Total Expenses

$5,044

Mortgage P&I

126%

$3,341

Property Taxes

14%

$382

Home Insurance

9%

$236

HOA

15%

$397

Property Management

10%

$265

CapEx

5%

$132

Vacancy

6%

$159

Maintenance

5%

$132

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis