REI Lense

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$3,291 (target)

2369 Glenwood St, Kannapolis, NC 28083

3 beds • 3 baths • 1856 sqft

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This property looks like a bad Mid-Term investment with a projected -1.44% first-year return on $98,157 initial cash invested.

-1.44%

Cash On Cash

6.06%

Cap Rate

1.01

DSCR

$3,291

Rent

-$118

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,291 income − $3,409 expenses = $118 out of pocket

Income$3,291Out of Pocket$118Mortgage P&I$1,91258%Property Taxes$2498%Insurance$1284%Management$39512%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36211%

Investment Breakdown

|

Purchase Price

$382k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,157

Downpayment

20%

$76,340

Closing costs

1%

$3,817

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,291

Total Expenses

$3,409

Mortgage P&I

58%

$1,912

Property Taxes

8%

$249

Home Insurance

4%

$128

HOA

0%

$0

Property Management

12%

$395

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$362

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