REI Lense

REI Lense

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$2,112 (target)

5026 Kittredge Rd, Mint Hill, NC 28227

3 beds • 2 baths • 1682 sqft

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This property looks like a bad Long-Term investment with a projected -11.16% first-year return on $84,840 initial cash invested.

-11.16%

Cash On Cash

3.9%

Cap Rate

0.66

DSCR

$2,112

Rent

-$789

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,112 income − $2,901 expenses = $789 out of pocket

Income$2,112Out of Pocket$789Mortgage P&I$1,99795%Property Taxes$20910%Insurance$1457%Management$21110%CapEx$1065%Vacancy$1276%Maintenance$1065%

Investment Breakdown

|

Purchase Price

$404k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,840

Downpayment

20%

$80,800

Closing costs

1%

$4,040

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,112

Total Expenses

$2,901

Mortgage P&I

95%

$1,997

Property Taxes

10%

$209

Home Insurance

7%

$145

HOA

0%

$0

Property Management

10%

$211

CapEx

5%

$106

Vacancy

6%

$127

Maintenance

5%

$106

Other

0%

$0

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