REI Lense

REI Lense

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$2,157 (target)

716 King St, Waxhaw, NC 28173

3 beds • 3 baths • 1752 sqft

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This property looks like a bad Mid-Term investment with a projected -7.85% first-year return on $90,513 initial cash invested.

-7.85%

Cash On Cash

4.12%

Cap Rate

0.7

DSCR

$2,157

Rent

-$592

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,513

Downpayment

20%

$69,060

Closing costs

1%

$3,453

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,157

Total Expenses

$2,749

Mortgage P&I

78%

$1,691

Property Taxes

9%

$203

Home Insurance

6%

$122

HOA

0%

$0

Property Management

12%

$259

CapEx

4%

$86

Vacancy

3%

$65

Maintenance

4%

$86

Other

11%

$237

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