REI Lense

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$2,798 (target)

2920 Noritake Trl, Albemarle, NC 28001

3 beds • 2 baths • 1865 sqft

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This property looks like a bad Mid-Term investment with a projected -5.45% first-year return on $96,078 initial cash invested.

-5.45%

Cash On Cash

4.93%

Cap Rate

0.83

DSCR

$2,798

Rent

-$436

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$372k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,078

Downpayment

20%

$74,360

Closing costs

1%

$3,718

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,798

Total Expenses

$3,234

Mortgage P&I

66%

$1,853

Property Taxes

11%

$294

Home Insurance

5%

$135

HOA

0%

$0

Property Management

12%

$336

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$308

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