REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$3,244 (target)

2928 Palmer Dr NE, Conover, NC 28613

3 beds • 3 baths • 2155 sqft

Email

This property looks like a bad Mid-Term investment with a projected -7.69% first-year return on $122k initial cash invested.

-7.69%

Cash On Cash

4.46%

Cap Rate

0.74

DSCR

$3,244

Rent

-$784

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,244 income − $4,028 expenses = $784 out of pocket

Income$3,244Out of Pocket$784Mortgage P&I$2,49877%Property Taxes$1826%Insurance$2016%HOA$441%Management$38912%CapEx$1304%Vacancy$973%Maintenance$1304%Other$35711%

Investment Breakdown

|

Purchase Price

$497k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$99,320

Closing costs

1%

$4,966

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,244

Total Expenses

$4,028

Mortgage P&I

77%

$2,498

Property Taxes

6%

$182

Home Insurance

6%

$201

HOA

1%

$44

Property Management

12%

$389

CapEx

4%

$130

Vacancy

3%

$97

Maintenance

4%

$130

Other

11%

$357

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis