REI Lense

REI Lense

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$2,661 (target)

402 Easy St, Concord, NC 28027

3 beds • 2 baths • 1250 sqft

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This property might be a fair Mid-Term investment with a projected 3.1% first-year return on $70,773 initial cash invested.

3.1%

Cash On Cash

7.66%

Cap Rate

1.22

DSCR

$2,661

Rent

$183

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$251k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,773

Downpayment

20%

$50,260

Closing costs

1%

$2,513

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,661

Total Expenses

$2,478

Mortgage P&I

49%

$1,315

Property Taxes

7%

$198

Home Insurance

2%

$61

HOA

0%

$0

Property Management

12%

$319

CapEx

4%

$106

Vacancy

3%

$80

Maintenance

4%

$106

Other

11%

$293

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