REI Lense

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$1,806 (target)

5719 Lewis Rd, Gastonia, NC 28052

3 beds • 2 baths • 1404 sqft

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This property looks like a bad Long-Term investment with a projected -5.76% first-year return on $57,246 initial cash invested.

-5.76%

Cash On Cash

5.19%

Cap Rate

0.86

DSCR

$1,806

Rent

-$275

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,806 income − $2,081 expenses = $275 out of pocket

Income$1,806Out of Pocket$275Mortgage P&I$1,36375%Property Taxes$1518%Insurance$985%Management$18110%CapEx$905%Vacancy$1086%Maintenance$905%

Investment Breakdown

|

Purchase Price

$273k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,246

Downpayment

20%

$54,520

Closing costs

1%

$2,726

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,806

Total Expenses

$2,081

Mortgage P&I

75%

$1,363

Property Taxes

8%

$151

Home Insurance

5%

$98

HOA

0%

$0

Property Management

10%

$181

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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