REI Lense

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$2,035 (target)

505 Amon Ln, Pineville, NC 28134

3 beds • 2 baths • 1529 sqft

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This property looks like a bad Long-Term investment with a projected -10.11% first-year return on $74,214 initial cash invested.

-10.11%

Cash On Cash

4.36%

Cap Rate

0.71

DSCR

$2,035

Rent

-$625

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,035 income − $2,660 expenses = $625 out of pocket

Income$2,035Out of Pocket$625Mortgage P&I$1,80889%Property Taxes$1919%Insurance$1316%Management$20410%CapEx$1025%Vacancy$1226%Maintenance$1025%

Investment Breakdown

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Purchase Price

$353k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,214

Downpayment

20%

$70,680

Closing costs

1%

$3,534

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,035

Total Expenses

$2,660

Mortgage P&I

89%

$1,808

Property Taxes

9%

$191

Home Insurance

6%

$131

HOA

0%

$0

Property Management

10%

$204

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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