REI Lense

REI Lense

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$2,516 (target)

184 Canal Rd, Belmont, NC 28012

3 beds • 2 baths • 2333 sqft

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This property looks like a bad Long-Term investment with a projected -5.32% first-year return on $80,682 initial cash invested.

-5.32%

Cash On Cash

5.28%

Cap Rate

0.88

DSCR

$2,516

Rent

-$358

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,516 income − $2,874 expenses = $358 out of pocket

Income$2,516Out of Pocket$358Mortgage P&I$1,92376%Property Taxes$1586%Insurance$1385%Management$25210%CapEx$1265%Vacancy$1516%Maintenance$1265%

Investment Breakdown

|

Purchase Price

$384k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,682

Downpayment

20%

$76,840

Closing costs

1%

$3,842

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,516

Total Expenses

$2,874

Mortgage P&I

76%

$1,923

Property Taxes

6%

$158

Home Insurance

5%

$138

HOA

0%

$0

Property Management

10%

$252

CapEx

5%

$126

Vacancy

6%

$151

Maintenance

5%

$126

Other

0%

$0

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