REI Lense

REI Lense

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$2,759 (target)

5925 Gatekeeper Ln, Mint Hill, NC 28227

3 beds • 2 baths • 2508 sqft

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This property looks like a bad Long-Term investment with a projected -15.58% first-year return on $131k initial cash invested.

-15.58%

Cash On Cash

3.03%

Cap Rate

0.5

DSCR

$2,759

Rent

-$1,695

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,759 income − $4,454 expenses = $1,695 out of pocket

Income$2,759Out of Pocket$1,695Mortgage P&I$3,126113%Property Taxes$35113%Insurance$2178%HOA$422%Management$27610%CapEx$1385%Vacancy$1666%Maintenance$1385%

Investment Breakdown

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Purchase Price

$622k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$124k

Closing costs

1%

$6,215

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,759

Total Expenses

$4,454

Mortgage P&I

113%

$3,126

Property Taxes

13%

$351

Home Insurance

8%

$217

HOA

2%

$42

Property Management

10%

$276

CapEx

5%

$138

Vacancy

6%

$166

Maintenance

5%

$138

Other

0%

$0

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