REI Lense

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$3,030 (target)

308 Oakland Ave, Belmont, NC 28012

3 beds • 3 baths • 1516 sqft

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This property might be a fair Mid-Term investment with a projected 5.56% first-year return on $74,910 initial cash invested.

5.56%

Cash On Cash

8.27%

Cap Rate

1.33

DSCR

$3,030

Rent

$347

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,030 income − $2,683 expenses = $347 cash flow

Income$3,030Mortgage P&I$1,40046%Property Taxes$1585%Insurance$953%Management$36412%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33311%Cash Flow$347

Investment Breakdown

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Purchase Price

$271k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,910

Downpayment

20%

$54,200

Closing costs

1%

$2,710

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,030

Total Expenses

$2,683

Mortgage P&I

46%

$1,400

Property Taxes

5%

$158

Home Insurance

3%

$95

HOA

0%

$0

Property Management

12%

$364

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$333

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