REI Lense

REI Lense

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$1,859 (target)

508 Watergate Cir, Gastonia, NC 28052

3 beds • 3 baths • 1809 sqft

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This property looks like a bad Long-Term investment with a projected -7.45% first-year return on $61,845 initial cash invested.

-7.45%

Cash On Cash

4.88%

Cap Rate

0.8

DSCR

$1,859

Rent

-$384

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,859 income − $2,243 expenses = $384 out of pocket

Income$1,859Out of Pocket$384Mortgage P&I$1,48980%Property Taxes$1659%Insurance$1056%Management$18610%CapEx$935%Vacancy$1126%Maintenance$935%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,845

Downpayment

20%

$58,900

Closing costs

1%

$2,945

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,859

Total Expenses

$2,243

Mortgage P&I

80%

$1,489

Property Taxes

9%

$165

Home Insurance

6%

$105

HOA

0%

$0

Property Management

10%

$186

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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