REI Lense

REI Lense

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$3,648 (target)

404 Trillium Way, Belmont, NC 28012

3 beds • 2 baths • 2093 sqft

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This property looks like a bad Mid-Term investment with a projected -6.2% first-year return on $112k initial cash invested.

-6.2%

Cash On Cash

4.85%

Cap Rate

0.81

DSCR

$3,648

Rent

-$577

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$446k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,160

Closing costs

1%

$4,458

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,648

Total Expenses

$4,225

Mortgage P&I

61%

$2,233

Property Taxes

10%

$372

Home Insurance

5%

$180

HOA

5%

$200

Property Management

12%

$438

CapEx

4%

$146

Vacancy

3%

$109

Maintenance

4%

$146

Other

11%

$401

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