REI Lense

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$3,328 (target)

196 Flint Ridge Dr, Concord, NC 28025

3 beds • 3 baths • 2162 sqft

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This property looks like a bad Mid-Term investment with a projected -2.29% first-year return on $105k initial cash invested.

-2.29%

Cash On Cash

5.74%

Cap Rate

0.97

DSCR

$3,328

Rent

-$200

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,328 income − $3,528 expenses = $200 out of pocket

Income$3,328Out of Pocket$200Mortgage P&I$2,04361%Property Taxes$2046%Insurance$1505%Management$39912%CapEx$1334%Vacancy$1003%Maintenance$1334%Other$36611%

Investment Breakdown

|

Purchase Price

$413k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$82,560

Closing costs

1%

$4,128

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,328

Total Expenses

$3,528

Mortgage P&I

61%

$2,043

Property Taxes

6%

$204

Home Insurance

5%

$150

HOA

0%

$0

Property Management

12%

$399

CapEx

4%

$133

Vacancy

3%

$100

Maintenance

4%

$133

Other

11%

$366

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