REI Lense

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$1,616 (target)

1341 E Cannon Ave, Albemarle, NC 28001

3 beds • 2 baths • 1072 sqft

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This property looks like a bad Long-Term investment with a projected -6.56% first-year return on $48,279 initial cash invested.

-6.56%

Cash On Cash

5.6%

Cap Rate

0.85

DSCR

$1,616

Rent

-$264

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,616 income − $1,880 expenses = $264 out of pocket

Income$1,616Out of Pocket$264Mortgage P&I$1,25578%Property Taxes$1248%Insurance$805%Management$16210%CapEx$815%Vacancy$976%Maintenance$815%

Investment Breakdown

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Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,279

Downpayment

20%

$45,980

Closing costs

1%

$2,299

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,616

Total Expenses

$1,880

Mortgage P&I

78%

$1,255

Property Taxes

8%

$124

Home Insurance

5%

$80

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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