REI Lense

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$2,222 (target)

24668 Saint Martin Rd, Albemarle, NC 28001

3 beds • 2 baths • 1694 sqft

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This property looks like a bad Mid-Term investment with a projected -3.69% first-year return on $80,895 initial cash invested.

-3.69%

Cash On Cash

5.5%

Cap Rate

0.9

DSCR

$2,222

Rent

-$249

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,222 income − $2,471 expenses = $249 out of pocket

Income$2,222Out of Pocket$249Mortgage P&I$1,53369%Property Taxes$773%Insurance$1055%Management$26712%CapEx$894%Vacancy$673%Maintenance$894%Other$24411%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,895

Downpayment

20%

$59,900

Closing costs

1%

$2,995

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,222

Total Expenses

$2,471

Mortgage P&I

69%

$1,533

Property Taxes

3%

$77

Home Insurance

5%

$105

HOA

0%

$0

Property Management

12%

$267

CapEx

4%

$89

Vacancy

3%

$67

Maintenance

4%

$89

Other

11%

$244

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