REI Lense

REI Lense

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$2,099 (target)

2943 Parkwest Dr, Albemarle, NC 28001

3 beds • 2 baths • 1679 sqft

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This property looks like a bad Long-Term investment with a projected -9.25% first-year return on $71,337 initial cash invested.

-9.25%

Cash On Cash

4.45%

Cap Rate

0.74

DSCR

$2,099

Rent

-$550

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,099 income − $2,649 expenses = $550 out of pocket

Income$2,099Out of Pocket$550Mortgage P&I$1,70581%Property Taxes$26913%Insurance$1216%HOA$8Management$21010%CapEx$1055%Vacancy$1266%Maintenance$1055%

Investment Breakdown

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Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,337

Downpayment

20%

$67,940

Closing costs

1%

$3,397

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,099

Total Expenses

$2,649

Mortgage P&I

81%

$1,705

Property Taxes

13%

$269

Home Insurance

6%

$121

HOA

0%

$8

Property Management

10%

$210

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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