REI Lense

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$2,686 (target)

360 Sexton St, Kannapolis, NC 28081

3 beds • 2 baths • 1221 sqft

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This property looks like a bad Mid-Term investment with a projected -3.24% first-year return on $84,066 initial cash invested.

-3.24%

Cash On Cash

5.74%

Cap Rate

0.93

DSCR

$2,686

Rent

-$227

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,686 income − $2,913 expenses = $227 out of pocket

Income$2,686Out of Pocket$227Mortgage P&I$1,62560%Property Taxes$27210%Insurance$1044%Management$32212%CapEx$1074%Vacancy$813%Maintenance$1074%Other$29511%

Investment Breakdown

|

Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,066

Downpayment

20%

$62,920

Closing costs

1%

$3,146

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,686

Total Expenses

$2,913

Mortgage P&I

61%

$1,625

Property Taxes

10%

$272

Home Insurance

4%

$104

HOA

0%

$0

Property Management

12%

$322

CapEx

4%

$107

Vacancy

3%

$81

Maintenance

4%

$107

Other

11%

$295

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