REI Lense

REI Lense

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$2,154 (target)

216 Paradise Dr, Belmont, NC 28012

3 beds • 2 baths • 1500 sqft

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This property looks like a bad Long-Term investment with a projected -14.47% first-year return on $97,755 initial cash invested.

-14.47%

Cash On Cash

3.4%

Cap Rate

0.55

DSCR

$2,154

Rent

-$1,179

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,154 income − $3,333 expenses = $1,179 out of pocket

Income$2,154Out of Pocket$1,179Mortgage P&I$2,389111%Property Taxes$21810%Insurance$1668%Management$21510%CapEx$1085%Vacancy$1296%Maintenance$1085%

Investment Breakdown

|

Purchase Price

$466k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,755

Downpayment

20%

$93,100

Closing costs

1%

$4,655

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,154

Total Expenses

$3,333

Mortgage P&I

111%

$2,389

Property Taxes

10%

$218

Home Insurance

8%

$166

HOA

0%

$0

Property Management

10%

$215

CapEx

5%

$108

Vacancy

6%

$129

Maintenance

5%

$108

Other

0%

$0

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