REI Lense

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$1,887 (target)

2260 Shumard Cir, Indian Trail, NC 28079

3 beds • 2 baths • 1289 sqft

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This property looks like a bad Long-Term investment with a projected -12.5% first-year return on $77,112 initial cash invested.

-12.5%

Cash On Cash

3.69%

Cap Rate

0.61

DSCR

$1,887

Rent

-$803

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,887 income − $2,690 expenses = $803 out of pocket

Income$1,887Out of Pocket$803Mortgage P&I$1,83997%Property Taxes$18410%Insurance$1317%HOA$462%Management$18910%CapEx$945%Vacancy$1136%Maintenance$945%

Investment Breakdown

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Purchase Price

$367k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,112

Downpayment

20%

$73,440

Closing costs

1%

$3,672

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,887

Total Expenses

$2,690

Mortgage P&I

97%

$1,839

Property Taxes

10%

$184

Home Insurance

7%

$131

HOA

2%

$46

Property Management

10%

$189

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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