REI Lense

REI Lense

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$2,003 (target)

6524 Mintbrook Dr, Mint Hill, NC 28227

3 beds • 2 baths • 1200 sqft

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This property looks like a bad Long-Term investment with a projected -12.53% first-year return on $81,690 initial cash invested.

-12.53%

Cash On Cash

3.79%

Cap Rate

0.62

DSCR

$2,003

Rent

-$853

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,003 income − $2,856 expenses = $853 out of pocket

Income$2,003Out of Pocket$853Mortgage P&I$1,98099%Property Taxes$22011%Insurance$1367%Management$20010%CapEx$1005%Vacancy$1206%Maintenance$1005%

Investment Breakdown

|

Purchase Price

$389k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,690

Downpayment

20%

$77,800

Closing costs

1%

$3,890

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,003

Total Expenses

$2,856

Mortgage P&I

99%

$1,980

Property Taxes

11%

$220

Home Insurance

7%

$136

HOA

0%

$0

Property Management

10%

$200

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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