REI Lense

REI Lense

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$2,840 (target)

4279 Barley St SW #78, Concord, NC 28027

3 beds • 2 baths • 1343 sqft

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This property looks like a bad Mid-Term investment with a projected -2% first-year return on $89,190 initial cash invested.

-2%

Cash On Cash

5.89%

Cap Rate

0.98

DSCR

$2,840

Rent

-$149

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,190

Downpayment

20%

$67,800

Closing costs

1%

$3,390

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,840

Total Expenses

$2,989

Mortgage P&I

60%

$1,698

Property Taxes

7%

$206

Home Insurance

4%

$119

HOA

0%

$0

Property Management

12%

$341

CapEx

4%

$114

Vacancy

3%

$85

Maintenance

4%

$114

Other

11%

$312

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