REI Lense

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$1,662 (target)

308 Llewellyn St, Belmont, NC 28012

3 beds • 2 baths • 1080 sqft

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This property looks like a bad Long-Term investment with a projected -9.18% first-year return on $60,102 initial cash invested.

-9.18%

Cash On Cash

4.57%

Cap Rate

0.74

DSCR

$1,662

Rent

-$460

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,662 income − $2,122 expenses = $460 out of pocket

Income$1,662Out of Pocket$460Mortgage P&I$1,46888%Property Taxes$1207%Insurance$1026%Management$16610%CapEx$835%Vacancy$1006%Maintenance$835%

Investment Breakdown

|

Purchase Price

$286k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,102

Downpayment

20%

$57,240

Closing costs

1%

$2,862

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,662

Total Expenses

$2,122

Mortgage P&I

88%

$1,468

Property Taxes

7%

$120

Home Insurance

6%

$102

HOA

0%

$0

Property Management

10%

$166

CapEx

5%

$83

Vacancy

6%

$100

Maintenance

5%

$83

Other

0%

$0

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