REI Lense

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$1,608 (target)

1407 Birch St, Kannapolis, NC 28081

3 beds • 2 baths • 1354 sqft

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This property looks like a bad Mid-Term investment with a projected -12.87% first-year return on $84,822 initial cash invested.

-12.87%

Cash On Cash

3.18%

Cap Rate

0.5

DSCR

$1,608

Rent

-$910

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,608 income − $2,518 expenses = $910 out of pocket

Income$1,608Out of Pocket$910Mortgage P&I$1,688105%Property Taxes$17211%Insurance$1127%Management$19312%CapEx$644%Vacancy$483%Maintenance$644%Other$17711%

Investment Breakdown

|

Purchase Price

$318k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,822

Downpayment

20%

$63,640

Closing costs

1%

$3,182

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,608

Total Expenses

$2,518

Mortgage P&I

105%

$1,688

Property Taxes

11%

$172

Home Insurance

7%

$112

HOA

0%

$0

Property Management

12%

$193

CapEx

4%

$64

Vacancy

3%

$48

Maintenance

4%

$64

Other

11%

$177

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