REI Lense

REI Lense

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$1,327 (target)

500 Broad St, Kannapolis, NC 28081

3 beds • 2 baths • 1176 sqft

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This property looks like a bad Long-Term investment with a projected -13.78% first-year return on $60,879 initial cash invested.

-13.78%

Cash On Cash

3.26%

Cap Rate

0.55

DSCR

$1,327

Rent

-$699

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,879

Downpayment

20%

$57,980

Closing costs

1%

$2,899

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,327

Total Expenses

$2,026

Mortgage P&I

107%

$1,420

Property Taxes

12%

$159

Home Insurance

8%

$102

HOA

0%

$0

Property Management

10%

$133

CapEx

5%

$66

Vacancy

6%

$80

Maintenance

5%

$66

Other

0%

$0

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