REI Lense

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$3,133 (target)

18745 Daymark Dr, Cornelius, NC 28031

3 beds • 3 baths • 2703 sqft

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This property looks like a bad Long-Term investment with a projected -16.95% first-year return on $149k initial cash invested.

-16.95%

Cash On Cash

2.68%

Cap Rate

0.45

DSCR

$3,133

Rent

-$2,102

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,133 income − $5,235 expenses = $2,102 out of pocket

Income$3,133Out of Pocket$2,102Mortgage P&I$3,529113%Property Taxes$2809%Insurance$2548%HOA$35711%Management$31310%CapEx$1575%Vacancy$1886%Maintenance$1575%

Investment Breakdown

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Purchase Price

$709k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$149k

Downpayment

20%

$142k

Closing costs

1%

$7,085

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,133

Total Expenses

$5,235

Mortgage P&I

113%

$3,529

Property Taxes

9%

$280

Home Insurance

8%

$254

HOA

11%

$357

Property Management

10%

$313

CapEx

5%

$157

Vacancy

6%

$188

Maintenance

5%

$157

Other

0%

$0

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