REI Lense

REI Lense

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$2,701 (target)

6611 S Providence Rd, Waxhaw, NC 28173

3 beds • 3 baths • 2976 sqft

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This property looks like a bad Long-Term investment with a projected -18.36% first-year return on $139k initial cash invested.

-18.36%

Cash On Cash

2.93%

Cap Rate

0.45

DSCR

$2,701

Rent

-$2,134

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,701 income − $4,835 expenses = $2,134 out of pocket

Income$2,701Out of Pocket$2,134Mortgage P&I$3,620134%Property Taxes$2519%Insurance$26210%Management$27010%CapEx$1355%Vacancy$1626%Maintenance$1355%

Investment Breakdown

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Purchase Price

$664k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$139k

Downpayment

20%

$133k

Closing costs

1%

$6,641

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,701

Total Expenses

$4,835

Mortgage P&I

134%

$3,620

Property Taxes

9%

$251

Home Insurance

10%

$262

HOA

0%

$0

Property Management

10%

$270

CapEx

5%

$135

Vacancy

6%

$162

Maintenance

5%

$135

Other

0%

$0

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