REI Lense

REI Lense

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$1,990 (target)

500 Broad St, Kannapolis, NC 28081

3 beds • 2 baths • 1176 sqft

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This property looks like a bad Mid-Term investment with a projected -5.61% first-year return on $78,879 initial cash invested.

-5.61%

Cash On Cash

4.68%

Cap Rate

0.8

DSCR

$1,990

Rent

-$369

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

$78,879

Downpayment

20%

$57,980

Closing costs

1%

$2,899

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,990

Total Expenses

$2,359

Mortgage P&I

71%

$1,420

Property Taxes

8%

$159

Home Insurance

5%

$102

HOA

0%

$0

Property Management

12%

$239

CapEx

4%

$80

Vacancy

3%

$60

Maintenance

4%

$80

Other

11%

$219

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