REI Lense

REI Lense

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$3,037 (target)

12728 Meetinghouse Dr, Cornelius, NC 28031

3 beds • 2 baths • 2712 sqft

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This property looks like a bad Long-Term investment with a projected -19.79% first-year return on $159k initial cash invested.

-19.79%

Cash On Cash

2.06%

Cap Rate

0.34

DSCR

$3,037

Rent

-$2,614

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,037 income − $5,651 expenses = $2,614 out of pocket

Income$3,037Out of Pocket$2,614Mortgage P&I$3,758124%Property Taxes$43614%Insurance$2709%HOA$39713%Management$30410%CapEx$1525%Vacancy$1826%Maintenance$1525%

Investment Breakdown

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Purchase Price

$755k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$159k

Downpayment

20%

$151k

Closing costs

1%

$7,549

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,037

Total Expenses

$5,651

Mortgage P&I

124%

$3,758

Property Taxes

14%

$436

Home Insurance

9%

$270

HOA

13%

$397

Property Management

10%

$304

CapEx

5%

$152

Vacancy

6%

$182

Maintenance

5%

$152

Other

0%

$0

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