REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$3,231 (target)

216 Paradise Dr, Belmont, NC 28012

3 beds • 2 baths • 1500 sqft

Email

This property looks like a bad Mid-Term investment with a projected -6.63% first-year return on $116k initial cash invested.

-6.63%

Cash On Cash

4.84%

Cap Rate

0.79

DSCR

$3,231

Rent

-$640

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,231 income − $3,871 expenses = $640 out of pocket

Income$3,231Out of Pocket$640Mortgage P&I$2,38974%Property Taxes$2187%Insurance$1665%Management$38812%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35511%

Investment Breakdown

|

Purchase Price

$466k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,100

Closing costs

1%

$4,655

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,231

Total Expenses

$3,871

Mortgage P&I

74%

$2,389

Property Taxes

7%

$218

Home Insurance

5%

$166

HOA

0%

$0

Property Management

12%

$388

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$355

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis