REI Lense

REI Lense

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$2,070 (target)

3800 Centergrove Rd, Concord, NC 28025

3 beds • 3 baths • 3424 sqft

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This property looks like a bad Long-Term investment with a projected -16.82% first-year return on $111k initial cash invested.

-16.82%

Cash On Cash

2.64%

Cap Rate

0.44

DSCR

$2,070

Rent

-$1,550

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,070 income − $3,620 expenses = $1,550 out of pocket

Income$2,070Out of Pocket$1,550Mortgage P&I$2,604126%Property Taxes$27213%Insurance$20510%Management$20710%CapEx$1045%Vacancy$1246%Maintenance$1045%

Investment Breakdown

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Purchase Price

$527k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$105k

Closing costs

1%

$5,266

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,070

Total Expenses

$3,620

Mortgage P&I

126%

$2,604

Property Taxes

13%

$272

Home Insurance

10%

$205

HOA

0%

$0

Property Management

10%

$207

CapEx

5%

$104

Vacancy

6%

$124

Maintenance

5%

$104

Other

0%

$0

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