REI Lense

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$2,151 (target)

6325 Ellesmere Ct, Mint Hill, NC 28227

3 beds • 2 baths • 1840 sqft

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This property looks like a bad Long-Term investment with a projected -10.41% first-year return on $82,194 initial cash invested.

-10.41%

Cash On Cash

4.14%

Cap Rate

0.69

DSCR

$2,151

Rent

-$713

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,151 income − $2,864 expenses = $713 out of pocket

Income$2,151Out of Pocket$713Mortgage P&I$1,95691%Property Taxes$20810%Insurance$1407%Management$21510%CapEx$1085%Vacancy$1296%Maintenance$1085%

Investment Breakdown

|

Purchase Price

$391k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,194

Downpayment

20%

$78,280

Closing costs

1%

$3,914

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,151

Total Expenses

$2,864

Mortgage P&I

91%

$1,956

Property Taxes

10%

$208

Home Insurance

7%

$140

HOA

0%

$0

Property Management

10%

$215

CapEx

5%

$108

Vacancy

6%

$129

Maintenance

5%

$108

Other

0%

$0

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