REI Lense

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$2,194 (target)

2369 Glenwood St, Kannapolis, NC 28083

3 beds • 3 baths • 1856 sqft

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This property looks like a bad Long-Term investment with a projected -9.97% first-year return on $80,157 initial cash invested.

-9.97%

Cash On Cash

4.26%

Cap Rate

0.71

DSCR

$2,194

Rent

-$666

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,194 income − $2,860 expenses = $666 out of pocket

Income$2,194Out of Pocket$666Mortgage P&I$1,91287%Property Taxes$24911%Insurance$1286%Management$21910%CapEx$1105%Vacancy$1326%Maintenance$1105%

Investment Breakdown

|

Purchase Price

$382k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,157

Downpayment

20%

$76,340

Closing costs

1%

$3,817

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,194

Total Expenses

$2,860

Mortgage P&I

87%

$1,912

Property Taxes

11%

$249

Home Insurance

6%

$128

HOA

0%

$0

Property Management

10%

$219

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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