REI Lense

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$1,606 (target)

609 Forest Ridge Rd, Kannapolis, NC 28083

3 beds • 2 baths • 1148 sqft

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This property looks like a bad Long-Term investment with a projected -7.66% first-year return on $58,086 initial cash invested.

-7.66%

Cash On Cash

4.67%

Cap Rate

0.79

DSCR

$1,606

Rent

-$371

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,606 income − $1,977 expenses = $371 out of pocket

Income$1,606Out of Pocket$371Mortgage P&I$1,36885%Property Taxes$946%Insurance$986%Management$16110%CapEx$805%Vacancy$966%Maintenance$805%

Investment Breakdown

|

Purchase Price

$277k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,086

Downpayment

20%

$55,320

Closing costs

1%

$2,766

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,606

Total Expenses

$1,977

Mortgage P&I

85%

$1,368

Property Taxes

6%

$94

Home Insurance

6%

$98

HOA

0%

$0

Property Management

10%

$161

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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