REI Lense

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$3,022 (target)

247 Lanyard Ln, Belmont, NC 28012

3 beds • 3 baths • 2736 sqft

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This property looks like a bad Long-Term investment with a projected -20.64% first-year return on $177k initial cash invested.

-20.64%

Cash On Cash

1.92%

Cap Rate

0.32

DSCR

$3,022

Rent

-$3,049

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,022 income − $6,071 expenses = $3,049 out of pocket

Income$3,022Out of Pocket$3,049Mortgage P&I$4,246141%Property Taxes$61420%Insurance$30110%HOA$1254%Management$30210%CapEx$1515%Vacancy$1816%Maintenance$1515%

Investment Breakdown

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Purchase Price

$844k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$177k

Downpayment

20%

$169k

Closing costs

1%

$8,440

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,022

Total Expenses

$6,071

Mortgage P&I

141%

$4,246

Property Taxes

20%

$614

Home Insurance

10%

$301

HOA

4%

$125

Property Management

10%

$302

CapEx

5%

$151

Vacancy

6%

$181

Maintenance

5%

$151

Other

0%

$0

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