REI Lense

REI Lense

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$1,905 (target)

46 Mandalay Pl SW, Concord, NC 28027

3 beds • 2 baths • 1474 sqft

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This property looks like a bad Long-Term investment with a projected -7.81% first-year return on $61,887 initial cash invested.

-7.81%

Cash On Cash

4.83%

Cap Rate

0.79

DSCR

$1,905

Rent

-$403

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,905 income − $2,308 expenses = $403 out of pocket

Income$1,905Out of Pocket$403Mortgage P&I$1,49578%Property Taxes$21411%Insurance$1056%Management$19010%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,887

Downpayment

20%

$58,940

Closing costs

1%

$2,947

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,905

Total Expenses

$2,308

Mortgage P&I

78%

$1,495

Property Taxes

11%

$214

Home Insurance

6%

$105

HOA

0%

$0

Property Management

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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