REI Lense

REI Lense

Unlock all features! Tap here to upgrade

img

2920 Glendale Ave, Kannapolis, NC 28081

3 beds • 2 baths • 1056 sqft

Email

This property might be a fair Long-Term investment with a projected 1.61% first-year return on $43,176 initial cash invested.

1.61%

Cash On Cash

6.57%

Cap Rate

1.14

DSCR

$1,650

Rent

$58

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$206k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$43,176

Downpayment

20%

$41,120

Closing costs

1%

$2,056

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,650

Total Expenses

$1,592

Mortgage P&I

60%

$986

Property Taxes

8%

$126

Home Insurance

3%

$52

HOA

0%

$0

Property Management

10%

$165

CapEx

5%

$82

Vacancy

6%

$99

Maintenance

5%

$82

Other

0%

$0

Loading map...

Comparable Property

Rent

Beds

Baths

SQFT

Distance

318 Kimball St, Kannapolis, NC 28081

$1,495

3

2

1080

1.2 mi

1605 Chapman Ave, Kannapolis, NC 28081

$1,850

3

2

1142

1.1 mi

340 Snow St, Kannapolis, NC 28081

$1,795

3

2

1232

0.4 mi

1304 Hawthorne St, Kannapolis, NC 28083

$1,495

3

2

1100

2 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