REI Lense

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$3,226 (target)

6325 Ellesmere Ct, Mint Hill, NC 28227

3 beds • 2 baths • 1840 sqft

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This property looks like a bad Mid-Term investment with a projected -2.1% first-year return on $100k initial cash invested.

-2.1%

Cash On Cash

5.86%

Cap Rate

0.98

DSCR

$3,226

Rent

-$175

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,226 income − $3,401 expenses = $175 out of pocket

Income$3,226Out of Pocket$175Mortgage P&I$1,95661%Property Taxes$2086%Insurance$1404%Management$38712%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35511%

Investment Breakdown

|

Purchase Price

$391k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$100k

Downpayment

20%

$78,280

Closing costs

1%

$3,914

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,226

Total Expenses

$3,401

Mortgage P&I

61%

$1,956

Property Taxes

6%

$208

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$387

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$355

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