REI Lense

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$2,234 (target)

15732 Millbank St, Huntersville, NC 28078

3 beds • 3 baths • 1856 sqft

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This property looks like a bad Long-Term investment with a projected -14.12% first-year return on $98,637 initial cash invested.

-14.12%

Cash On Cash

3.41%

Cap Rate

0.56

DSCR

$2,234

Rent

-$1,161

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,234 income − $3,395 expenses = $1,161 out of pocket

Income$2,234Out of Pocket$1,161Mortgage P&I$2,383107%Property Taxes$26312%Insurance$1688%Management$22310%CapEx$1125%Vacancy$1346%Maintenance$1125%

Investment Breakdown

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Purchase Price

$470k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,637

Downpayment

20%

$93,940

Closing costs

1%

$4,697

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,234

Total Expenses

$3,395

Mortgage P&I

107%

$2,383

Property Taxes

12%

$263

Home Insurance

8%

$168

HOA

0%

$0

Property Management

10%

$223

CapEx

5%

$112

Vacancy

6%

$134

Maintenance

5%

$112

Other

0%

$0

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