REI Lense

REI Lense

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$2,179 (target)

19812 Madison Village Dr, Cornelius, NC 28031

3 beds • 3 baths • 1625 sqft

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This property looks like a bad Long-Term investment with a projected -15.27% first-year return on $98,259 initial cash invested.

-15.27%

Cash On Cash

3.08%

Cap Rate

0.51

DSCR

$2,179

Rent

-$1,250

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,179 income − $3,429 expenses = $1,250 out of pocket

Income$2,179Out of Pocket$1,250Mortgage P&I$2,342107%Property Taxes$22010%Insurance$1828%HOA$1185%Management$21810%CapEx$1095%Vacancy$1316%Maintenance$1095%

Investment Breakdown

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Purchase Price

$468k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,259

Downpayment

20%

$93,580

Closing costs

1%

$4,679

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,179

Total Expenses

$3,429

Mortgage P&I

107%

$2,342

Property Taxes

10%

$220

Home Insurance

8%

$182

HOA

5%

$118

Property Management

10%

$218

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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