REI Lense

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$4,654 (target)

3009 Winged Teal Ct, Belmont, NC 28012

3 beds • 3 baths • 2811 sqft

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This property looks like a bad Mid-Term investment with a projected -6.5% first-year return on $148k initial cash invested.

-6.5%

Cash On Cash

4.84%

Cap Rate

0.8

DSCR

$4,654

Rent

-$803

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,654 income − $5,457 expenses = $803 out of pocket

Income$4,654Out of Pocket$803Mortgage P&I$3,11867%Property Taxes$4259%Insurance$2285%HOA$1042%Management$55812%CapEx$1864%Vacancy$1403%Maintenance$1864%Other$51211%

Investment Breakdown

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Purchase Price

$620k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$148k

Downpayment

20%

$124k

Closing costs

1%

$6,199

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,654

Total Expenses

$5,457

Mortgage P&I

67%

$3,118

Property Taxes

9%

$425

Home Insurance

5%

$228

HOA

2%

$104

Property Management

12%

$558

CapEx

4%

$186

Vacancy

3%

$140

Maintenance

4%

$186

Other

11%

$512

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