REI Lense

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$2,440 (target)

710 Ben Ave, Kannapolis, NC 28081

3 beds • 2 baths • 1158 sqft

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This property looks like a bad Mid-Term investment with a projected -5.2% first-year return on $78,396 initial cash invested.

-5.2%

Cash On Cash

5.61%

Cap Rate

0.85

DSCR

$2,440

Rent

-$340

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,440 income − $2,780 expenses = $340 out of pocket

Income$2,440Out of Pocket$340Mortgage P&I$1,58765%Property Taxes$26111%Insurance$1024%Management$29312%CapEx$984%Vacancy$733%Maintenance$984%Other$26811%

Investment Breakdown

|

Purchase Price

$288k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,396

Downpayment

20%

$57,520

Closing costs

1%

$2,876

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,440

Total Expenses

$2,780

Mortgage P&I

65%

$1,587

Property Taxes

11%

$261

Home Insurance

4%

$102

HOA

0%

$0

Property Management

12%

$293

CapEx

4%

$98

Vacancy

3%

$73

Maintenance

4%

$98

Other

11%

$268

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