REI Lense

REI Lense

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$1,801 (target)

3895 Rock Hill Church Rd, Concord, NC 28027

3 beds • 2 baths • 1232 sqft

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This property looks like a bad Long-Term investment with a projected -9.7% first-year return on $61,824 initial cash invested.

-9.7%

Cash On Cash

4.48%

Cap Rate

0.73

DSCR

$1,801

Rent

-$500

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,801 income − $2,301 expenses = $500 out of pocket

Income$1,801Out of Pocket$500Mortgage P&I$1,51084%Property Taxes$21912%Insurance$1046%Management$18010%CapEx$905%Vacancy$1086%Maintenance$905%

Investment Breakdown

|

Purchase Price

$294k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,824

Downpayment

20%

$58,880

Closing costs

1%

$2,944

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,801

Total Expenses

$2,301

Mortgage P&I

84%

$1,510

Property Taxes

12%

$219

Home Insurance

6%

$104

HOA

0%

$0

Property Management

10%

$180

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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