REI Lense

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$1,823 (target)

1303 Lane St, Kannapolis, NC 28083

3 beds • 2 baths • 1715 sqft

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This property looks like a bad Long-Term investment with a projected -13.06% first-year return on $71,736 initial cash invested.

-13.06%

Cash On Cash

3.58%

Cap Rate

0.6

DSCR

$1,823

Rent

-$781

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,823 income − $2,604 expenses = $781 out of pocket

Income$1,823Out of Pocket$781Mortgage P&I$1,70894%Property Taxes$30117%Insurance$1227%Management$18210%CapEx$915%Vacancy$1096%Maintenance$915%

Investment Breakdown

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Purchase Price

$342k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,736

Downpayment

20%

$68,320

Closing costs

1%

$3,416

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,823

Total Expenses

$2,604

Mortgage P&I

94%

$1,708

Property Taxes

17%

$301

Home Insurance

7%

$122

HOA

0%

$0

Property Management

10%

$182

CapEx

5%

$91

Vacancy

6%

$109

Maintenance

5%

$91

Other

0%

$0

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