REI Lense

REI Lense

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$3,291 (target)

17120 Players Ridge Dr, Cornelius, NC 28031

3 beds • 3 baths • 2456 sqft

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This property looks like a bad Long-Term investment with a projected -19.22% first-year return on $189k initial cash invested.

-19.22%

Cash On Cash

2.12%

Cap Rate

0.36

DSCR

$3,291

Rent

-$3,023

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,291 income − $6,314 expenses = $3,023 out of pocket

Income$3,291Out of Pocket$3,023Mortgage P&I$4,444135%Property Taxes$53016%Insurance$32710%HOA$1575%Management$32910%CapEx$1655%Vacancy$1976%Maintenance$1655%

Investment Breakdown

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Purchase Price

$899k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$189k

Downpayment

20%

$180k

Closing costs

1%

$8,987

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,291

Total Expenses

$6,314

Mortgage P&I

135%

$4,444

Property Taxes

16%

$530

Home Insurance

10%

$327

HOA

5%

$157

Property Management

10%

$329

CapEx

5%

$165

Vacancy

6%

$197

Maintenance

5%

$165

Other

0%

$0

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