REI Lense

REI Lense

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$1,656 (target)

558 Snuggs St, Albemarle, NC 28001

3 beds • 2 baths • 1202 sqft

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This property looks like a bad Long-Term investment with a projected -8.19% first-year return on $55,650 initial cash invested.

-8.19%

Cash On Cash

4.84%

Cap Rate

0.78

DSCR

$1,656

Rent

-$380

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,656 income − $2,036 expenses = $380 out of pocket

Income$1,656Out of Pocket$380Mortgage P&I$1,36582%Property Taxes$1479%Insurance$936%Management$16610%CapEx$835%Vacancy$996%Maintenance$835%

Investment Breakdown

|

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,650

Downpayment

20%

$53,000

Closing costs

1%

$2,650

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,656

Total Expenses

$2,036

Mortgage P&I

82%

$1,365

Property Taxes

9%

$147

Home Insurance

6%

$93

HOA

0%

$0

Property Management

10%

$166

CapEx

5%

$83

Vacancy

6%

$99

Maintenance

5%

$83

Other

0%

$0

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