REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,899 (target)

17721 Morehampton Ave, Cornelius, NC 28031

3 beds • 3 baths • 3029 sqft

Email

This property looks like a bad Long-Term investment with a projected -18.27% first-year return on $133k initial cash invested.

-18.27%

Cash On Cash

2.47%

Cap Rate

0.41

DSCR

$2,899

Rent

-$2,033

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,899 income − $4,932 expenses = $2,033 out of pocket

Income$2,899Out of Pocket$2,033Mortgage P&I$3,194110%Property Taxes$36313%Insurance$2248%HOA$39714%Management$29010%CapEx$1455%Vacancy$1746%Maintenance$1455%

Investment Breakdown

|

Purchase Price

$636k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$133k

Downpayment

20%

$127k

Closing costs

1%

$6,357

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,899

Total Expenses

$4,932

Mortgage P&I

110%

$3,194

Property Taxes

13%

$363

Home Insurance

8%

$224

HOA

14%

$397

Property Management

10%

$290

CapEx

5%

$145

Vacancy

6%

$174

Maintenance

5%

$145

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis