REI Lense

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$2,655 (target)

1471 Ontario Dr, Kannapolis, NC 28083

3 beds • 2 baths • 1270 sqft

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This property looks like a bad Mid-Term investment with a projected -5.52% first-year return on $90,576 initial cash invested.

-5.52%

Cash On Cash

5.06%

Cap Rate

0.82

DSCR

$2,655

Rent

-$417

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,655 income − $3,072 expenses = $417 out of pocket

Income$2,655Out of Pocket$417Mortgage P&I$1,76967%Property Taxes$27410%Insurance$1265%Management$31912%CapEx$1064%Vacancy$803%Maintenance$1064%Other$29211%

Investment Breakdown

|

Purchase Price

$346k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,576

Downpayment

20%

$69,120

Closing costs

1%

$3,456

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,655

Total Expenses

$3,072

Mortgage P&I

67%

$1,769

Property Taxes

10%

$274

Home Insurance

5%

$126

HOA

0%

$0

Property Management

12%

$319

CapEx

4%

$106

Vacancy

3%

$80

Maintenance

4%

$106

Other

11%

$292

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