REI Lense

REI Lense

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$1,893 (target)

2205 Pennsylvania Ave, Kannapolis, NC 28083

3 beds • 2 baths • 1964 sqft

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This property looks like a bad Long-Term investment with a projected -9.66% first-year return on $63,357 initial cash invested.

-9.66%

Cash On Cash

5.01%

Cap Rate

0.75

DSCR

$1,893

Rent

-$510

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,893 income − $2,403 expenses = $510 out of pocket

Income$1,893Out of Pocket$510Mortgage P&I$1,67588%Property Taxes$1307%Insurance$1056%Management$18910%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

|

Purchase Price

$302k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,357

Downpayment

20%

$60,340

Closing costs

1%

$3,017

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,893

Total Expenses

$2,403

Mortgage P&I

88%

$1,675

Property Taxes

7%

$130

Home Insurance

6%

$105

HOA

0%

$0

Property Management

10%

$189

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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