REI Lense

REI Lense

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$1,644 (target)

506 S Cansler St, Kings Mountain, NC 28086

3 beds • 2 baths • 1410 sqft

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This property looks like a bad Long-Term investment with a projected -12.44% first-year return on $65,898 initial cash invested.

-12.44%

Cash On Cash

3.8%

Cap Rate

0.62

DSCR

$1,644

Rent

-$683

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,644 income − $2,327 expenses = $683 out of pocket

Income$1,644Out of Pocket$683Mortgage P&I$1,59697%Property Taxes$19012%Insurance$1147%Management$16410%CapEx$825%Vacancy$996%Maintenance$825%

Investment Breakdown

|

Purchase Price

$314k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,898

Downpayment

20%

$62,760

Closing costs

1%

$3,138

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,644

Total Expenses

$2,327

Mortgage P&I

97%

$1,596

Property Taxes

12%

$190

Home Insurance

7%

$114

HOA

0%

$0

Property Management

10%

$164

CapEx

5%

$82

Vacancy

6%

$99

Maintenance

5%

$82

Other

0%

$0

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