REI Lense

REI Lense

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$1,683 (target)

4160 Broadstairs Dr SW, Concord, NC 28025

3 beds • 2 baths • 1150 sqft

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This property looks like a bad Long-Term investment with a projected -9.45% first-year return on $57,162 initial cash invested.

-9.45%

Cash On Cash

4.37%

Cap Rate

0.73

DSCR

$1,683

Rent

-$450

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,683 income − $2,133 expenses = $450 out of pocket

Income$1,683Out of Pocket$450Mortgage P&I$1,35781%Property Taxes$22213%Insurance$966%HOA$211%Management$16810%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

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Purchase Price

$272k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,162

Downpayment

20%

$54,440

Closing costs

1%

$2,722

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,683

Total Expenses

$2,133

Mortgage P&I

81%

$1,357

Property Taxes

13%

$222

Home Insurance

6%

$96

HOA

1%

$21

Property Management

10%

$168

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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