REI Lense

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$2,858 (target)

210 Cliffside Dr, Kannapolis, NC 28081

3 beds • 2 baths • 2037 sqft

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This property looks like a bad Mid-Term investment with a projected -2.44% first-year return on $87,531 initial cash invested.

-2.44%

Cash On Cash

5.77%

Cap Rate

0.96

DSCR

$2,858

Rent

-$178

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,858 income − $3,036 expenses = $178 out of pocket

Income$2,858Out of Pocket$178Mortgage P&I$1,65558%Property Taxes$28910%Insurance$1214%Management$34312%CapEx$1144%Vacancy$863%Maintenance$1144%Other$31411%

Investment Breakdown

|

Purchase Price

$331k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,531

Downpayment

20%

$66,220

Closing costs

1%

$3,311

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,858

Total Expenses

$3,036

Mortgage P&I

58%

$1,655

Property Taxes

10%

$289

Home Insurance

4%

$121

HOA

0%

$0

Property Management

12%

$343

CapEx

4%

$114

Vacancy

3%

$86

Maintenance

4%

$114

Other

11%

$314

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