REI Lense

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$2,925 (target)

1602 Arden Dr, Lincolnton, NC 28092

3 beds • 2 baths • 2010 sqft

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This property looks like a bad Mid-Term investment with a projected -2.63% first-year return on $98,850 initial cash invested.

-2.63%

Cash On Cash

5.67%

Cap Rate

0.95

DSCR

$2,925

Rent

-$217

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,925 income − $3,142 expenses = $217 out of pocket

Income$2,925Out of Pocket$217Mortgage P&I$1,92066%Property Taxes$923%Insurance$1355%Management$35112%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32211%

Investment Breakdown

|

Purchase Price

$385k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,850

Downpayment

20%

$77,000

Closing costs

1%

$3,850

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,925

Total Expenses

$3,142

Mortgage P&I

66%

$1,920

Property Taxes

3%

$92

Home Insurance

5%

$135

HOA

0%

$0

Property Management

12%

$351

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$322

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