REI Lense

REI Lense

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$2,565 (target)

4531 Rocky River Rd, Concord, NC 28027

3 beds • 2 baths • 1280 sqft

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This property looks like a bad Mid-Term investment with a projected -2.67% first-year return on $87,279 initial cash invested.

-2.67%

Cash On Cash

5.66%

Cap Rate

0.94

DSCR

$2,565

Rent

-$194

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,565 income − $2,759 expenses = $194 out of pocket

Income$2,565Out of Pocket$194Mortgage P&I$1,64864%Property Taxes$1225%Insurance$1165%Management$30812%CapEx$1034%Vacancy$773%Maintenance$1034%Other$28211%

Investment Breakdown

|

Purchase Price

$330k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,279

Downpayment

20%

$65,980

Closing costs

1%

$3,299

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,565

Total Expenses

$2,759

Mortgage P&I

64%

$1,648

Property Taxes

5%

$122

Home Insurance

5%

$116

HOA

0%

$0

Property Management

12%

$308

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$282

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