REI Lense

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$2,243 (target)

206 W Woodrow Ave, Belmont, NC 28012

3 beds • 3 baths • 1636 sqft

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This property looks like a bad Long-Term investment with a projected -16.21% first-year return on $101k initial cash invested.

-16.21%

Cash On Cash

3.08%

Cap Rate

0.5

DSCR

$2,243

Rent

-$1,359

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,243 income − $3,602 expenses = $1,359 out of pocket

Income$2,243Out of Pocket$1,359Mortgage P&I$2,477110%Property Taxes$37016%Insurance$1728%Management$22410%CapEx$1125%Vacancy$1356%Maintenance$1125%

Investment Breakdown

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Purchase Price

$479k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$95,840

Closing costs

1%

$4,792

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,243

Total Expenses

$3,602

Mortgage P&I

110%

$2,477

Property Taxes

17%

$370

Home Insurance

8%

$172

HOA

0%

$0

Property Management

10%

$224

CapEx

5%

$112

Vacancy

6%

$135

Maintenance

5%

$112

Other

0%

$0

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