REI Lense

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$3,618 (target)

3810 Isenhour Rd, Kannapolis, NC 28081

3 beds • 2 baths • 1942 sqft

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This property looks like a bad Mid-Term investment with a projected -8.48% first-year return on $110k initial cash invested.

-8.48%

Cash On Cash

4.89%

Cap Rate

0.74

DSCR

$3,618

Rent

-$779

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,618 income − $4,397 expenses = $779 out of pocket

Income$3,618Out of Pocket$779Mortgage P&I$2,42367%Property Taxes$38911%Insurance$1564%HOA$1985%Management$43412%CapEx$1454%Vacancy$1093%Maintenance$1454%Other$39811%

Investment Breakdown

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Purchase Price

$439k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,800

Closing costs

1%

$4,390

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,618

Total Expenses

$4,397

Mortgage P&I

67%

$2,423

Property Taxes

11%

$389

Home Insurance

4%

$156

HOA

5%

$198

Property Management

12%

$434

CapEx

4%

$145

Vacancy

3%

$109

Maintenance

4%

$145

Other

11%

$398

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