REI Lense

REI Lense

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$1,595 (target)

4224 Pine St, Kannapolis, NC 28081

3 beds • 3 baths • 1290 sqft

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This property looks like a bad Long-Term investment with a projected -9.76% first-year return on $61,950 initial cash invested.

-9.76%

Cash On Cash

4.24%

Cap Rate

0.71

DSCR

$1,595

Rent

-$504

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,595 income − $2,099 expenses = $504 out of pocket

Income$1,595Out of Pocket$504Mortgage P&I$1,46692%Property Taxes$1147%Insurance$1036%Management$16010%CapEx$805%Vacancy$966%Maintenance$805%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,950

Downpayment

20%

$59,000

Closing costs

1%

$2,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,595

Total Expenses

$2,099

Mortgage P&I

92%

$1,466

Property Taxes

7%

$114

Home Insurance

6%

$103

HOA

0%

$0

Property Management

10%

$160

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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