REI Lense

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$1,724 (target)

307 Austin St, Albemarle, NC 28001

3 beds • 2 baths • 1232 sqft

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This property looks like a bad Long-Term investment with a projected -4.54% first-year return on $52,899 initial cash invested.

-4.54%

Cash On Cash

5.35%

Cap Rate

0.91

DSCR

$1,724

Rent

-$200

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,724 income − $1,924 expenses = $200 out of pocket

Income$1,724Out of Pocket$200Mortgage P&I$1,23872%Property Taxes$1509%Insurance$895%Management$17210%CapEx$865%Vacancy$1036%Maintenance$865%

Investment Breakdown

|

Purchase Price

$252k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,899

Downpayment

20%

$50,380

Closing costs

1%

$2,519

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,724

Total Expenses

$1,924

Mortgage P&I

72%

$1,238

Property Taxes

9%

$150

Home Insurance

5%

$89

HOA

0%

$0

Property Management

10%

$172

CapEx

5%

$86

Vacancy

6%

$103

Maintenance

5%

$86

Other

0%

$0

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