REI Lense

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$1,858 (target)

203 Royal Ave, Albemarle, NC 28001

3 beds • 2 baths • 1741 sqft

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This property looks like a bad Long-Term investment with a projected -11.68% first-year return on $71,421 initial cash invested.

-11.68%

Cash On Cash

3.86%

Cap Rate

0.65

DSCR

$1,858

Rent

-$695

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,858 income − $2,553 expenses = $695 out of pocket

Income$1,858Out of Pocket$695Mortgage P&I$1,69691%Property Taxes$25214%Insurance$1227%Management$18610%CapEx$935%Vacancy$1116%Maintenance$935%

Investment Breakdown

|

Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,421

Downpayment

20%

$68,020

Closing costs

1%

$3,401

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,858

Total Expenses

$2,553

Mortgage P&I

91%

$1,696

Property Taxes

14%

$252

Home Insurance

7%

$122

HOA

0%

$0

Property Management

10%

$186

CapEx

5%

$93

Vacancy

6%

$111

Maintenance

5%

$93

Other

0%

$0

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