REI Lense

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$2,392 (target)

4224 Pine St, Kannapolis, NC 28081

3 beds • 3 baths • 1290 sqft

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This property looks like a bad Mid-Term investment with a projected -1.58% first-year return on $79,950 initial cash invested.

-1.58%

Cash On Cash

5.93%

Cap Rate

0.99

DSCR

$2,392

Rent

-$105

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,392 income − $2,497 expenses = $105 out of pocket

Income$2,392Out of Pocket$105Mortgage P&I$1,46661%Property Taxes$1145%Insurance$1034%Management$28712%CapEx$964%Vacancy$723%Maintenance$964%Other$26311%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,950

Downpayment

20%

$59,000

Closing costs

1%

$2,950

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,392

Total Expenses

$2,497

Mortgage P&I

61%

$1,466

Property Taxes

5%

$114

Home Insurance

4%

$103

HOA

0%

$0

Property Management

12%

$287

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$263

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