REI Lense

REI Lense

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$2,219 (target)

196 Flint Ridge Dr, Concord, NC 28025

3 beds • 3 baths • 2162 sqft

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This property looks like a bad Long-Term investment with a projected -10.45% first-year return on $86,688 initial cash invested.

-10.45%

Cash On Cash

4.07%

Cap Rate

0.68

DSCR

$2,219

Rent

-$755

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,219 income − $2,974 expenses = $755 out of pocket

Income$2,219Out of Pocket$755Mortgage P&I$2,04392%Property Taxes$2049%Insurance$1507%Management$22210%CapEx$1115%Vacancy$1336%Maintenance$1115%

Investment Breakdown

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Purchase Price

$413k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,688

Downpayment

20%

$82,560

Closing costs

1%

$4,128

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,219

Total Expenses

$2,974

Mortgage P&I

92%

$2,043

Property Taxes

9%

$204

Home Insurance

7%

$150

HOA

0%

$0

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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