REI Lense

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$2,610 (target)

214 Dalewood Ave, Kannapolis, NC 28083

3 beds • 2 baths • 1501 sqft

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This property looks like a bad Mid-Term investment with a projected -2.24% first-year return on $80,790 initial cash invested.

-2.24%

Cash On Cash

6.56%

Cap Rate

0.97

DSCR

$2,610

Rent

-$151

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,610 income − $2,761 expenses = $151 out of pocket

Income$2,610Out of Pocket$151Mortgage P&I$1,68164%Property Taxes$893%Insurance$1054%Management$31312%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28711%

Investment Breakdown

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Purchase Price

$299k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,790

Downpayment

20%

$59,800

Closing costs

1%

$2,990

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,610

Total Expenses

$2,761

Mortgage P&I

64%

$1,681

Property Taxes

3%

$89

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$313

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$287

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