REI Lense

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$2,232 (target)

5542 Randolph Rd, Kannapolis, NC 28081

3 beds • 2 baths • 2140 sqft

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This property looks like a bad Long-Term investment with a projected -8.86% first-year return on $81,564 initial cash invested.

-8.86%

Cash On Cash

4.47%

Cap Rate

0.75

DSCR

$2,232

Rent

-$602

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,232 income − $2,834 expenses = $602 out of pocket

Income$2,232Out of Pocket$602Mortgage P&I$1,93887%Property Taxes$1848%Insurance$1316%Management$22310%CapEx$1125%Vacancy$1346%Maintenance$1125%

Investment Breakdown

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Purchase Price

$388k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,564

Downpayment

20%

$77,680

Closing costs

1%

$3,884

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,232

Total Expenses

$2,834

Mortgage P&I

87%

$1,938

Property Taxes

8%

$184

Home Insurance

6%

$131

HOA

0%

$0

Property Management

10%

$223

CapEx

5%

$112

Vacancy

6%

$134

Maintenance

5%

$112

Other

0%

$0

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