REI Lense

REI Lense

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$3,248 (target)

5144 Thomasville Dr, Belmont, NC 28012

3 beds • 3 baths • 2240 sqft

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This property looks like a bad Mid-Term investment with a projected -5.39% first-year return on $107k initial cash invested.

-5.39%

Cash On Cash

5.03%

Cap Rate

0.84

DSCR

$3,248

Rent

-$481

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$424k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$84,860

Closing costs

1%

$4,243

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,248

Total Expenses

$3,729

Mortgage P&I

66%

$2,128

Property Taxes

10%

$323

Home Insurance

5%

$150

HOA

1%

$24

Property Management

12%

$390

CapEx

4%

$130

Vacancy

3%

$97

Maintenance

4%

$130

Other

11%

$357

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