REI Lense

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$2,070 (target)

3001 Galena Chase Dr, Indian Trail, NC 28079

3 beds • 2 baths • 1776 sqft

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This property looks like a bad Long-Term investment with a projected -12.22% first-year return on $84,756 initial cash invested.

-12.22%

Cash On Cash

3.64%

Cap Rate

0.62

DSCR

$2,070

Rent

-$863

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,070 income − $2,933 expenses = $863 out of pocket

Income$2,070Out of Pocket$863Mortgage P&I$1,98496%Property Taxes$23111%Insurance$1507%HOA$291%Management$20710%CapEx$1045%Vacancy$1246%Maintenance$1045%

Investment Breakdown

|

Purchase Price

$404k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,756

Downpayment

20%

$80,720

Closing costs

1%

$4,036

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,070

Total Expenses

$2,933

Mortgage P&I

96%

$1,984

Property Taxes

11%

$231

Home Insurance

7%

$150

HOA

1%

$29

Property Management

10%

$207

CapEx

5%

$104

Vacancy

6%

$124

Maintenance

5%

$104

Other

0%

$0

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