REI Lense

REI Lense

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$2,057 (target)

29 Tribune Ave SW, Concord, NC 28025

3 beds • 2 baths • 1879 sqft

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This property looks like a bad Long-Term investment with a projected -13.47% first-year return on $88,200 initial cash invested.

-13.47%

Cash On Cash

3.47%

Cap Rate

0.58

DSCR

$2,057

Rent

-$990

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,057 income − $3,047 expenses = $990 out of pocket

Income$2,057Out of Pocket$990Mortgage P&I$2,101102%Property Taxes$26413%Insurance$1477%Management$20610%CapEx$1035%Vacancy$1236%Maintenance$1035%

Investment Breakdown

|

Purchase Price

$420k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,200

Downpayment

20%

$84,000

Closing costs

1%

$4,200

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,057

Total Expenses

$3,047

Mortgage P&I

102%

$2,101

Property Taxes

13%

$264

Home Insurance

7%

$147

HOA

0%

$0

Property Management

10%

$206

CapEx

5%

$103

Vacancy

6%

$123

Maintenance

5%

$103

Other

0%

$0

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