REI Lense

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$2,397 (target)

2108 Brantley Rd, Kannapolis, NC 28083

3 beds • 2 baths • 1200 sqft

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This property looks like a bad Mid-Term investment with a projected -3.7% first-year return on $76,590 initial cash invested.

-3.7%

Cash On Cash

6.15%

Cap Rate

0.91

DSCR

$2,397

Rent

-$236

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,397 income − $2,633 expenses = $236 out of pocket

Income$2,397Out of Pocket$236Mortgage P&I$1,56965%Property Taxes$1506%Insurance$984%Management$28812%CapEx$964%Vacancy$723%Maintenance$964%Other$26411%

Investment Breakdown

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Purchase Price

$279k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,590

Downpayment

20%

$55,800

Closing costs

1%

$2,790

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,397

Total Expenses

$2,633

Mortgage P&I

65%

$1,569

Property Taxes

6%

$150

Home Insurance

4%

$98

HOA

0%

$0

Property Management

12%

$288

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$264

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