REI Lense

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$2,586 (target)

2251 Rock Dam Rd, Lincolnton, NC 28092

3 beds • 2 baths • 1271 sqft

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This property might be a fair Mid-Term investment with a projected 0.23% first-year return on $79,383 initial cash invested.

0.23%

Cash On Cash

6.36%

Cap Rate

1.08

DSCR

$2,586

Rent

$15

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,586 income − $2,571 expenses = $15 cash flow

Income$2,586Mortgage P&I$1,43255%Property Taxes$1496%Insurance$1124%Management$31012%CapEx$1034%Vacancy$783%Maintenance$1034%Other$28411%Cash Flow$15

Investment Breakdown

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Purchase Price

$292k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,383

Downpayment

20%

$58,460

Closing costs

1%

$2,923

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,586

Total Expenses

$2,571

Mortgage P&I

55%

$1,432

Property Taxes

6%

$149

Home Insurance

4%

$112

HOA

0%

$0

Property Management

12%

$310

CapEx

4%

$103

Vacancy

3%

$78

Maintenance

4%

$103

Other

11%

$284

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