REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$4,054 (target)

21816 Chapel Way, Cornelius, NC 28031

3 beds • 3 baths • 2477 sqft

Email

This property looks like a bad Mid-Term investment with a projected -12.99% first-year return on $173k initial cash invested.

-12.99%

Cash On Cash

3.21%

Cap Rate

0.54

DSCR

$4,054

Rent

-$1,872

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,054 income − $5,926 expenses = $1,872 out of pocket

Income$4,054Out of Pocket$1,872Mortgage P&I$3,68291%Property Taxes$43011%Insurance$2667%HOA$1704%Management$48612%CapEx$1624%Vacancy$1223%Maintenance$1624%Other$44611%

Investment Breakdown

|

Purchase Price

$738k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$173k

Downpayment

20%

$148k

Closing costs

1%

$7,379

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,054

Total Expenses

$5,926

Mortgage P&I

91%

$3,682

Property Taxes

11%

$430

Home Insurance

7%

$266

HOA

4%

$170

Property Management

12%

$486

CapEx

4%

$162

Vacancy

3%

$122

Maintenance

4%

$162

Other

11%

$446

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis