REI Lense

REI Lense

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$2,544 (target)

3970 Tenneyson Ct NW, Concord, NC 28027

3 beds • 3 baths • 2384 sqft

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This property looks like a bad Long-Term investment with a projected -10.1% first-year return on $92,190 initial cash invested.

-10.1%

Cash On Cash

4.24%

Cap Rate

0.71

DSCR

$2,544

Rent

-$776

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,544 income − $3,320 expenses = $776 out of pocket

Income$2,544Out of Pocket$776Mortgage P&I$2,20187%Property Taxes$28411%Insurance$1566%HOA$181%Management$25410%CapEx$1275%Vacancy$1536%Maintenance$1275%

Investment Breakdown

|

Purchase Price

$439k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,190

Downpayment

20%

$87,800

Closing costs

1%

$4,390

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,544

Total Expenses

$3,320

Mortgage P&I

87%

$2,201

Property Taxes

11%

$284

Home Insurance

6%

$156

HOA

1%

$18

Property Management

10%

$254

CapEx

5%

$127

Vacancy

6%

$153

Maintenance

5%

$127

Other

0%

$0

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