REI Lense

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$1,821 (target)

2524 Old Pond Dr, Lincolnton, NC 28092

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Long-Term investment with a projected -10.89% first-year return on $71,211 initial cash invested.

-10.89%

Cash On Cash

4.03%

Cap Rate

0.67

DSCR

$1,821

Rent

-$646

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,821 income − $2,467 expenses = $646 out of pocket

Income$1,821Out of Pocket$646Mortgage P&I$1,69493%Property Taxes$17810%Insurance$1227%Management$18210%CapEx$915%Vacancy$1096%Maintenance$915%

Investment Breakdown

|

Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,211

Downpayment

20%

$67,820

Closing costs

1%

$3,391

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,821

Total Expenses

$2,467

Mortgage P&I

93%

$1,694

Property Taxes

10%

$178

Home Insurance

7%

$122

HOA

0%

$0

Property Management

10%

$182

CapEx

5%

$91

Vacancy

6%

$109

Maintenance

5%

$91

Other

0%

$0

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