REI Lense

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$1,791 (target)

360 Sexton St, Kannapolis, NC 28081

3 beds • 2 baths • 1221 sqft

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This property looks like a bad Long-Term investment with a projected -12.28% first-year return on $66,066 initial cash invested.

-12.28%

Cash On Cash

3.96%

Cap Rate

0.64

DSCR

$1,791

Rent

-$676

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,791 income − $2,467 expenses = $676 out of pocket

Income$1,791Out of Pocket$676Mortgage P&I$1,62591%Property Taxes$27215%Insurance$1046%Management$17910%CapEx$905%Vacancy$1076%Maintenance$905%

Investment Breakdown

|

Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,066

Downpayment

20%

$62,920

Closing costs

1%

$3,146

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,791

Total Expenses

$2,467

Mortgage P&I

91%

$1,625

Property Taxes

15%

$272

Home Insurance

6%

$104

HOA

0%

$0

Property Management

10%

$179

CapEx

5%

$90

Vacancy

6%

$107

Maintenance

5%

$90

Other

0%

$0

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