REI Lense

REI Lense

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$2,816 (target)

215 6th St, Belmont, NC 28012

3 beds • 2 baths • 1125 sqft

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This property looks like a bad Mid-Term investment with a projected -3.81% first-year return on $91,080 initial cash invested.

-3.81%

Cash On Cash

5.33%

Cap Rate

0.9

DSCR

$2,816

Rent

-$289

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,816 income − $3,105 expenses = $289 out of pocket

Income$2,816Out of Pocket$289Mortgage P&I$1,72261%Property Taxes$28510%Insurance$1224%HOA$181%Management$33812%CapEx$1134%Vacancy$843%Maintenance$1134%Other$31011%

Investment Breakdown

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Purchase Price

$348k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,080

Downpayment

20%

$69,600

Closing costs

1%

$3,480

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,816

Total Expenses

$3,105

Mortgage P&I

61%

$1,722

Property Taxes

10%

$285

Home Insurance

4%

$122

HOA

1%

$18

Property Management

12%

$338

CapEx

4%

$113

Vacancy

3%

$84

Maintenance

4%

$113

Other

11%

$310

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