REI Lense

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$2,952 (target)

223 Newport Dr, Kannapolis, NC 28081

3 beds • 3 baths • 1507 sqft

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This property looks like a bad Mid-Term investment with a projected -2.36% first-year return on $89,379 initial cash invested.

-2.36%

Cash On Cash

5.83%

Cap Rate

0.97

DSCR

$2,952

Rent

-$176

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,952 income − $3,128 expenses = $176 out of pocket

Income$2,952Out of Pocket$176Mortgage P&I$1,70858%Property Taxes$28410%Insurance$1194%HOA$13Management$35412%CapEx$1184%Vacancy$893%Maintenance$1184%Other$32511%

Investment Breakdown

|

Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,379

Downpayment

20%

$67,980

Closing costs

1%

$3,399

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,952

Total Expenses

$3,128

Mortgage P&I

58%

$1,708

Property Taxes

10%

$284

Home Insurance

4%

$119

HOA

0%

$13

Property Management

12%

$354

CapEx

4%

$118

Vacancy

3%

$89

Maintenance

4%

$118

Other

11%

$325

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