REI Lense

REI Lense

Unlock all features! Tap here to upgrade

img

2640 Meadow Lark Ln, Gastonia, NC 28056

3 beds • 2 baths • 1200 sqft

Email

This property looks like a bad Long-Term investment with a projected -5.78% first-year return on $55,020 initial cash invested.

-5.78%

Cash On Cash

5.05%

Cap Rate

0.86

DSCR

$1,750

Rent

-$265

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$262k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,020

Downpayment

20%

$52,400

Closing costs

1%

$2,620

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,750

Total Expenses

$2,015

Mortgage P&I

73%

$1,280

Property Taxes

11%

$187

Home Insurance

5%

$92

HOA

0%

$0

Property Management

10%

$175

CapEx

5%

$88

Vacancy

6%

$105

Maintenance

5%

$88

Other

0%

$0

Loading map...

Comparable Property

Rent

Beds

Baths

SQFT

Distance

3440 Autumn Dr, Gastonia, NC 28056

$1,825

3

2

1355

0.1 mi

295 Thirteenth St, Cramerton, NC 28032

$1,675

3

2

1285

1.4 mi

295 13th St, Cramerton, NC 28032

$1,675

3

2

1285

1.4 mi

2616 Redbud Dr, Gastonia, NC 28056

$1,500

3

2

1345

0.9 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis