REI Lense

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$4,106 (target)

21909 Shearer Rd, Davidson, NC 28036

3 beds • 2 baths • 1594 sqft

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This property looks like a bad Mid-Term investment with a projected -15.47% first-year return on $209k initial cash invested.

-15.47%

Cash On Cash

2.64%

Cap Rate

0.44

DSCR

$4,106

Rent

-$2,700

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,106 income − $6,806 expenses = $2,700 out of pocket

Income$4,106Out of Pocket$2,700Mortgage P&I$4,540111%Property Taxes$53813%Insurance$3328%Management$49312%CapEx$1644%Vacancy$1233%Maintenance$1644%Other$45211%

Investment Breakdown

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Purchase Price

$911k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$209k

Downpayment

20%

$182k

Closing costs

1%

$9,113

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,106

Total Expenses

$6,806

Mortgage P&I

111%

$4,540

Property Taxes

13%

$538

Home Insurance

8%

$332

HOA

0%

$0

Property Management

12%

$493

CapEx

4%

$164

Vacancy

3%

$123

Maintenance

4%

$164

Other

11%

$452

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