REI Lense

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$2,568 (target)

2312 Badin Rd, Albemarle, NC 28001

3 beds • 2 baths • 1176 sqft

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This property might be a fair Mid-Term investment with a projected 2.13% first-year return on $73,230 initial cash invested.

2.13%

Cash On Cash

7.04%

Cap Rate

1.18

DSCR

$2,568

Rent

$130

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,568 income − $2,438 expenses = $130 cash flow

Income$2,568Mortgage P&I$1,30951%Property Taxes$1626%Insurance$944%Management$30812%CapEx$1034%Vacancy$773%Maintenance$1034%Other$28211%Cash Flow$130

Investment Breakdown

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Purchase Price

$263k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,230

Downpayment

20%

$52,600

Closing costs

1%

$2,630

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,568

Total Expenses

$2,438

Mortgage P&I

51%

$1,309

Property Taxes

6%

$162

Home Insurance

4%

$94

HOA

0%

$0

Property Management

12%

$308

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$282

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