REI Lense

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$2,650 (target)

2281 Munsen Rd, Concord, NC 28025

3 beds • 2 baths • 1243 sqft

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This property might be a fair Mid-Term investment with a projected 2.74% first-year return on $73,629 initial cash invested.

2.74%

Cash On Cash

7.39%

Cap Rate

1.2

DSCR

$2,650

Rent

$168

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,650 income − $2,482 expenses = $168 cash flow

Income$2,650Mortgage P&I$1,35851%Property Taxes$1285%Insurance$944%Management$31812%CapEx$1064%Vacancy$803%Maintenance$1064%Other$29211%Cash Flow$168

Investment Breakdown

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Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,629

Downpayment

20%

$52,980

Closing costs

1%

$2,649

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,650

Total Expenses

$2,482

Mortgage P&I

51%

$1,358

Property Taxes

5%

$128

Home Insurance

4%

$94

HOA

0%

$0

Property Management

12%

$318

CapEx

4%

$106

Vacancy

3%

$80

Maintenance

4%

$106

Other

11%

$292

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