REI Lense

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$1,775 (target)

204 S East Ave, Kannapolis, NC 28083

3 beds • 2 baths • 1385 sqft

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This property looks like a bad Long-Term investment with a projected -8.88% first-year return on $57,834 initial cash invested.

-8.88%

Cash On Cash

4.54%

Cap Rate

0.75

DSCR

$1,775

Rent

-$428

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,775 income − $2,203 expenses = $428 out of pocket

Income$1,775Out of Pocket$428Mortgage P&I$1,38078%Property Taxes$26315%Insurance$986%Management$17810%CapEx$895%Vacancy$1066%Maintenance$895%

Investment Breakdown

|

Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,834

Downpayment

20%

$55,080

Closing costs

1%

$2,754

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,775

Total Expenses

$2,203

Mortgage P&I

78%

$1,380

Property Taxes

15%

$263

Home Insurance

6%

$98

HOA

0%

$0

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$106

Maintenance

5%

$89

Other

0%

$0

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