REI Lense

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$2,302 (target)

363 Don McGinnis Rd, Lincolnton, NC 28092

3 beds • 2 baths • 1125 sqft

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This property looks like a bad Mid-Term investment with a projected -1.86% first-year return on $78,606 initial cash invested.

-1.86%

Cash On Cash

5.88%

Cap Rate

0.98

DSCR

$2,302

Rent

-$122

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,302 income − $2,424 expenses = $122 out of pocket

Income$2,302Out of Pocket$122Mortgage P&I$1,44363%Property Taxes$944%Insurance$1055%Management$27612%CapEx$924%Vacancy$693%Maintenance$924%Other$25311%

Investment Breakdown

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Purchase Price

$289k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,606

Downpayment

20%

$57,720

Closing costs

1%

$2,886

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,302

Total Expenses

$2,424

Mortgage P&I

63%

$1,443

Property Taxes

4%

$94

Home Insurance

5%

$105

HOA

0%

$0

Property Management

12%

$276

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$253

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