REI Lense

REI Lense

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$1,805 (target)

406 Courtland Ct, Kannapolis, NC 28081

3 beds • 2 baths • 1488 sqft

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This property looks like a bad Long-Term investment with a projected -12.17% first-year return on $69,699 initial cash invested.

-12.17%

Cash On Cash

3.65%

Cap Rate

0.62

DSCR

$1,805

Rent

-$707

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$332k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,699

Downpayment

20%

$66,380

Closing costs

1%

$3,319

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,805

Total Expenses

$2,512

Mortgage P&I

90%

$1,626

Property Taxes

16%

$288

Home Insurance

6%

$117

HOA

1%

$13

Property Management

10%

$180

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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