REI Lense

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$1,968 (target)

223 Newport Dr, Kannapolis, NC 28081

3 beds • 3 baths • 1507 sqft

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This property looks like a bad Long-Term investment with a projected -11.21% first-year return on $71,379 initial cash invested.

-11.21%

Cash On Cash

4.02%

Cap Rate

0.67

DSCR

$1,968

Rent

-$667

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,968 income − $2,635 expenses = $667 out of pocket

Income$1,968Out of Pocket$667Mortgage P&I$1,70887%Property Taxes$28414%Insurance$1196%HOA$131%Management$19710%CapEx$985%Vacancy$1186%Maintenance$985%

Investment Breakdown

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Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,379

Downpayment

20%

$67,980

Closing costs

1%

$3,399

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,968

Total Expenses

$2,635

Mortgage P&I

87%

$1,708

Property Taxes

14%

$284

Home Insurance

6%

$119

HOA

1%

$13

Property Management

10%

$197

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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