REI Lense

REI Lense

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$2,715 (target)

21325 Summerbrook Dr, Cornelius, NC 28031

3 beds • 2 baths • 2096 sqft

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This property looks like a bad Long-Term investment with a projected -20.6% first-year return on $161k initial cash invested.

-20.6%

Cash On Cash

2.45%

Cap Rate

0.37

DSCR

$2,715

Rent

-$2,766

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,715 income − $5,481 expenses = $2,766 out of pocket

Income$2,715Out of Pocket$2,766Mortgage P&I$4,194154%Property Taxes$31011%Insurance$2459%HOA$251%Management$27210%CapEx$1365%Vacancy$1636%Maintenance$1365%

Investment Breakdown

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Purchase Price

$767k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$161k

Downpayment

20%

$153k

Closing costs

1%

$7,673

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,715

Total Expenses

$5,481

Mortgage P&I

154%

$4,194

Property Taxes

11%

$310

Home Insurance

9%

$245

HOA

1%

$25

Property Management

10%

$272

CapEx

5%

$136

Vacancy

6%

$163

Maintenance

5%

$136

Other

0%

$0

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