REI Lense

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$2,721 (target)

301 Pinehurst Dr, Kings Mountain, NC 28086

3 beds • 2 baths • 1539 sqft

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This property looks like a bad Mid-Term investment with a projected -4.57% first-year return on $89,820 initial cash invested.

-4.57%

Cash On Cash

5.24%

Cap Rate

0.87

DSCR

$2,721

Rent

-$342

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,721 income − $3,063 expenses = $342 out of pocket

Income$2,721Out of Pocket$342Mortgage P&I$1,72663%Property Taxes$28911%Insurance$1224%Management$32712%CapEx$1094%Vacancy$823%Maintenance$1094%Other$29911%

Investment Breakdown

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Purchase Price

$342k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,820

Downpayment

20%

$68,400

Closing costs

1%

$3,420

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,721

Total Expenses

$3,063

Mortgage P&I

63%

$1,726

Property Taxes

11%

$289

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$327

CapEx

4%

$109

Vacancy

3%

$82

Maintenance

4%

$109

Other

11%

$299

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