REI Lense

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$1,637 (target)

635 Johns Ln, Gastonia, NC 28052

3 beds • 2 baths • 1059 sqft

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This property looks like a bad Long-Term investment with a projected -8.93% first-year return on $57,246 initial cash invested.

-8.93%

Cash On Cash

4.49%

Cap Rate

0.75

DSCR

$1,637

Rent

-$426

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,637 income − $2,063 expenses = $426 out of pocket

Income$1,637Out of Pocket$426Mortgage P&I$1,36583%Property Taxes$17611%Insurance$966%Management$16410%CapEx$825%Vacancy$986%Maintenance$825%

Investment Breakdown

|

Purchase Price

$273k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,246

Downpayment

20%

$54,520

Closing costs

1%

$2,726

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,637

Total Expenses

$2,063

Mortgage P&I

83%

$1,365

Property Taxes

11%

$176

Home Insurance

6%

$96

HOA

0%

$0

Property Management

10%

$164

CapEx

5%

$82

Vacancy

6%

$98

Maintenance

5%

$82

Other

0%

$0

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