REI Lense

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$2,667 (target)

606 Townsend Ave, Gastonia, NC 28052

3 beds • 2 baths • 2025 sqft

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This property looks like a bad Mid-Term investment with a projected -4.29% first-year return on $91,500 initial cash invested.

-4.29%

Cash On Cash

5.25%

Cap Rate

0.87

DSCR

$2,667

Rent

-$327

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,667 income − $2,994 expenses = $327 out of pocket

Income$2,667Out of Pocket$327Mortgage P&I$1,75166%Property Taxes$2148%Insurance$1225%Management$32012%CapEx$1074%Vacancy$803%Maintenance$1074%Other$29311%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,667

Total Expenses

$2,994

Mortgage P&I

66%

$1,751

Property Taxes

8%

$214

Home Insurance

5%

$122

HOA

0%

$0

Property Management

12%

$320

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$293

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