REI Lense

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$1,767 (target)

2281 Munsen Rd, Concord, NC 28025

3 beds • 2 baths • 1243 sqft

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This property looks like a bad Long-Term investment with a projected -5.87% first-year return on $55,629 initial cash invested.

-5.87%

Cash On Cash

5.32%

Cap Rate

0.86

DSCR

$1,767

Rent

-$272

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,767 income − $2,039 expenses = $272 out of pocket

Income$1,767Out of Pocket$272Mortgage P&I$1,35877%Property Taxes$1287%Insurance$945%Management$17710%CapEx$885%Vacancy$1066%Maintenance$885%

Investment Breakdown

|

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,629

Downpayment

20%

$52,980

Closing costs

1%

$2,649

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,767

Total Expenses

$2,039

Mortgage P&I

77%

$1,358

Property Taxes

7%

$128

Home Insurance

5%

$94

HOA

0%

$0

Property Management

10%

$177

CapEx

5%

$88

Vacancy

6%

$106

Maintenance

5%

$88

Other

0%

$0

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