REI Lense

REI Lense

Unlock all features! Tap here to upgrade

704 Lancaster Ave, Monroe, NC 28112

3 beds • 2 baths • 2380 sqft

Email

This property looks like a bad Airbnb investment with a projected -9.74% first-year return on $96,372 initial cash invested.

-9.74%

Cash On Cash

3.85%

Cap Rate

0.64

DSCR

$2,821

Rent

-$782

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,821 income − $3,603 expenses = $782 out of pocket

Income$2,821Out of Pocket$782Mortgage P&I$1,86766%Property Taxes$2479%Insurance$1355%Management$42315%CapEx$1134%Maintenance$1134%Other$70525%

Investment Breakdown

|

Purchase Price

$373k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,372

Downpayment

20%

$74,640

Closing costs

1%

$3,732

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,821

Total Expenses

$3,603

Mortgage P&I

66%

$1,867

Property Taxes

9%

$247

Home Insurance

5%

$135

HOA

0%

$0

Property Management

15%

$423

CapEx

4%

$113

Vacancy

0%

$0

Maintenance

4%

$113

Other

25%

$705

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis