REI Lense

REI Lense

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$2,670 (target)

518 E C St, Kannapolis, NC 28083

3 beds • 2 baths • 1251 sqft

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This property looks like a bad Mid-Term investment with a projected -3.23% first-year return on $83,100 initial cash invested.

-3.23%

Cash On Cash

5.52%

Cap Rate

0.92

DSCR

$2,670

Rent

-$224

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,100

Downpayment

20%

$62,000

Closing costs

1%

$3,100

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,670

Total Expenses

$2,894

Mortgage P&I

58%

$1,542

Property Taxes

13%

$336

Home Insurance

4%

$108

HOA

0%

$0

Property Management

12%

$320

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$294

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