REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,020 (target)

308 Oakland Ave, Belmont, NC 28012

3 beds • 3 baths • 1516 sqft

Email

This property looks like a bad Long-Term investment with a projected -3.33% first-year return on $56,910 initial cash invested.

-3.33%

Cash On Cash

5.95%

Cap Rate

0.96

DSCR

$2,020

Rent

-$158

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,020 income − $2,178 expenses = $158 out of pocket

Income$2,020Out of Pocket$158Mortgage P&I$1,40069%Property Taxes$1588%Insurance$955%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

|

Purchase Price

$271k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,910

Downpayment

20%

$54,200

Closing costs

1%

$2,710

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,020

Total Expenses

$2,178

Mortgage P&I

69%

$1,400

Property Taxes

8%

$158

Home Insurance

5%

$95

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis