REI Lense

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$1,662 (target)

409 Redding St, Gastonia, NC 28054

3 beds • 2 baths • 1566 sqft

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This property looks like a bad Long-Term investment with a projected -15.72% first-year return on $86,016 initial cash invested.

-15.72%

Cash On Cash

2.96%

Cap Rate

0.49

DSCR

$1,662

Rent

-$1,127

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,662 income − $2,789 expenses = $1,127 out of pocket

Income$1,662Out of Pocket$1,127Mortgage P&I$2,054124%Property Taxes$1539%Insurance$1509%Management$16610%CapEx$835%Vacancy$1006%Maintenance$835%

Investment Breakdown

|

Purchase Price

$410k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,016

Downpayment

20%

$81,920

Closing costs

1%

$4,096

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,662

Total Expenses

$2,789

Mortgage P&I

124%

$2,054

Property Taxes

9%

$153

Home Insurance

9%

$150

HOA

0%

$0

Property Management

10%

$166

CapEx

5%

$83

Vacancy

6%

$100

Maintenance

5%

$83

Other

0%

$0

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