REI Lense

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$2,130 (target)

510 Grace Church Ln, Belmont, NC 28012

3 beds • 2 baths • 1522 sqft

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This property looks like a bad Long-Term investment with a projected -8.49% first-year return on $76,293 initial cash invested.

-8.49%

Cash On Cash

4.5%

Cap Rate

0.76

DSCR

$2,130

Rent

-$540

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,130 income − $2,670 expenses = $540 out of pocket

Income$2,130Out of Pocket$540Mortgage P&I$1,79584%Property Taxes$1869%Insurance$1366%Management$21310%CapEx$1065%Vacancy$1286%Maintenance$1065%

Investment Breakdown

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Purchase Price

$363k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,293

Downpayment

20%

$72,660

Closing costs

1%

$3,633

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,130

Total Expenses

$2,670

Mortgage P&I

84%

$1,795

Property Taxes

9%

$186

Home Insurance

6%

$136

HOA

0%

$0

Property Management

10%

$213

CapEx

5%

$106

Vacancy

6%

$128

Maintenance

5%

$106

Other

0%

$0

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