REI Lense

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$2,751 (target)

154 Reep Rd, Kings Mountain, NC 28086

3 beds • 3 baths • 1616 sqft

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This property looks like a bad Mid-Term investment with a projected -2.64% first-year return on $88,602 initial cash invested.

-2.64%

Cash On Cash

5.86%

Cap Rate

0.95

DSCR

$2,751

Rent

-$195

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,751 income − $2,946 expenses = $195 out of pocket

Income$2,751Out of Pocket$195Mortgage P&I$1,72863%Property Taxes$1606%Insurance$1224%Management$33012%CapEx$1104%Vacancy$833%Maintenance$1104%Other$30311%

Investment Breakdown

|

Purchase Price

$336k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,602

Downpayment

20%

$67,240

Closing costs

1%

$3,362

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,751

Total Expenses

$2,946

Mortgage P&I

63%

$1,728

Property Taxes

6%

$160

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$330

CapEx

4%

$110

Vacancy

3%

$83

Maintenance

4%

$110

Other

11%

$303

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