REI Lense

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$2,135 (target)

306 Clay St, Belmont, NC 28012

3 beds • 3 baths • 1570 sqft

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This property looks like a bad Long-Term investment with a projected -17.28% first-year return on $106k initial cash invested.

-17.28%

Cash On Cash

2.65%

Cap Rate

0.44

DSCR

$2,135

Rent

-$1,531

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,135 income − $3,666 expenses = $1,531 out of pocket

Income$2,135Out of Pocket$1,531Mortgage P&I$2,542119%Property Taxes$38818%Insurance$1808%Management$21410%CapEx$1075%Vacancy$1286%Maintenance$1075%

Investment Breakdown

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Purchase Price

$506k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$101k

Closing costs

1%

$5,063

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,135

Total Expenses

$3,666

Mortgage P&I

119%

$2,542

Property Taxes

18%

$388

Home Insurance

8%

$180

HOA

0%

$0

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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