REI Lense

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$1,598 (target)

2108 Brantley Rd, Kannapolis, NC 28083

3 beds • 2 baths • 1200 sqft

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This property looks like a bad Long-Term investment with a projected -13.01% first-year return on $58,590 initial cash invested.

-13.01%

Cash On Cash

4.36%

Cap Rate

0.65

DSCR

$1,598

Rent

-$635

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,598 income − $2,233 expenses = $635 out of pocket

Income$1,598Out of Pocket$635Mortgage P&I$1,56998%Property Taxes$1509%Insurance$986%Management$16010%CapEx$805%Vacancy$966%Maintenance$805%

Investment Breakdown

|

Purchase Price

$279k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,590

Downpayment

20%

$55,800

Closing costs

1%

$2,790

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,598

Total Expenses

$2,233

Mortgage P&I

98%

$1,569

Property Taxes

9%

$150

Home Insurance

6%

$98

HOA

0%

$0

Property Management

10%

$160

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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