REI Lense

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$3,195 (target)

510 Grace Church Ln, Belmont, NC 28012

3 beds • 2 baths • 1522 sqft

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This property looks like a bad Mid-Term investment with a projected -0.1% first-year return on $94,293 initial cash invested.

-0.1%

Cash On Cash

6.33%

Cap Rate

1.07

DSCR

$3,195

Rent

-$8

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,195 income − $3,203 expenses = $8 out of pocket

Income$3,195Out of Pocket$8Mortgage P&I$1,79556%Property Taxes$1866%Insurance$1364%Management$38312%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35111%

Investment Breakdown

|

Purchase Price

$363k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,293

Downpayment

20%

$72,660

Closing costs

1%

$3,633

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,195

Total Expenses

$3,203

Mortgage P&I

56%

$1,795

Property Taxes

6%

$186

Home Insurance

4%

$136

HOA

0%

$0

Property Management

12%

$383

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$351

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