REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,788 (target)

508 Watergate Cir, Gastonia, NC 28052

3 beds • 3 baths • 1809 sqft

Email

This property might be a fair Mid-Term investment with a projected 1.19% first-year return on $79,845 initial cash invested.

1.19%

Cash On Cash

6.85%

Cap Rate

1.13

DSCR

$2,788

Rent

$79

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,788 income − $2,709 expenses = $79 cash flow

Income$2,788Mortgage P&I$1,48953%Property Taxes$1656%Insurance$1054%Management$33512%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30711%Cash Flow$79

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,845

Downpayment

20%

$58,900

Closing costs

1%

$2,945

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,788

Total Expenses

$2,709

Mortgage P&I

53%

$1,489

Property Taxes

6%

$165

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$335

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$307

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis