REI Lense

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$3,348 (target)

514 Belwood Dr, Belmont, NC 28012

3 beds • 3 baths • 2834 sqft

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This property looks like a bad Long-Term investment with a projected -13.87% first-year return on $154k initial cash invested.

-13.87%

Cash On Cash

3.34%

Cap Rate

0.56

DSCR

$3,348

Rent

-$1,781

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,348 income − $5,129 expenses = $1,781 out of pocket

Income$3,348Out of Pocket$1,781Mortgage P&I$3,654109%Property Taxes$33710%Insurance$2688%Management$33510%CapEx$1675%Vacancy$2016%Maintenance$1675%

Investment Breakdown

|

Purchase Price

$734k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$154k

Downpayment

20%

$147k

Closing costs

1%

$7,336

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,348

Total Expenses

$5,129

Mortgage P&I

109%

$3,654

Property Taxes

10%

$337

Home Insurance

8%

$268

HOA

0%

$0

Property Management

10%

$335

CapEx

5%

$167

Vacancy

6%

$201

Maintenance

5%

$167

Other

0%

$0

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