REI Lense

REI Lense

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$1,961 (target)

7239 Lockmont Dr, Charlotte, NC 28212

3 beds • 2 baths • 1488 sqft

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This property looks like a bad Long-Term investment with a projected -9.75% first-year return on $65,835 initial cash invested.

-9.75%

Cash On Cash

4.77%

Cap Rate

0.74

DSCR

$1,961

Rent

-$535

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,961 income − $2,496 expenses = $535 out of pocket

Income$1,961Out of Pocket$535Mortgage P&I$1,68486%Property Taxes$19010%Insurance$1126%Management$19610%CapEx$985%Vacancy$1186%Maintenance$985%

Investment Breakdown

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Purchase Price

$314k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,835

Downpayment

20%

$62,700

Closing costs

1%

$3,135

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,961

Total Expenses

$2,496

Mortgage P&I

86%

$1,684

Property Taxes

10%

$190

Home Insurance

6%

$112

HOA

0%

$0

Property Management

10%

$196

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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