REI Lense

REI Lense

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$2,412 (target)

312 Cook St, Kannapolis, NC 28083

3 beds • 2 baths • 2048 sqft

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This property looks like a bad Mid-Term investment with a projected -3.91% first-year return on $80,202 initial cash invested.

-3.91%

Cash On Cash

5.18%

Cap Rate

0.89

DSCR

$2,412

Rent

-$261

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$296k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,202

Downpayment

20%

$59,240

Closing costs

1%

$2,962

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,412

Total Expenses

$2,673

Mortgage P&I

60%

$1,443

Property Taxes

11%

$255

Home Insurance

7%

$157

HOA

0%

$0

Property Management

12%

$289

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$265

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