REI Lense

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$1,651 (target)

800 Ethel St, Waxhaw, NC 28173

3 beds • 2 baths • 1025 sqft

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This property looks like a bad Long-Term investment with a projected -12.27% first-year return on $67,998 initial cash invested.

-12.27%

Cash On Cash

3.77%

Cap Rate

0.62

DSCR

$1,651

Rent

-$695

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,651 income − $2,346 expenses = $695 out of pocket

Income$1,651Out of Pocket$695Mortgage P&I$1,62999%Property Taxes$17110%Insurance$1167%Management$16510%CapEx$835%Vacancy$996%Maintenance$835%

Investment Breakdown

|

Purchase Price

$324k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,998

Downpayment

20%

$64,760

Closing costs

1%

$3,238

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,651

Total Expenses

$2,346

Mortgage P&I

99%

$1,629

Property Taxes

10%

$171

Home Insurance

7%

$116

HOA

0%

$0

Property Management

10%

$165

CapEx

5%

$83

Vacancy

6%

$99

Maintenance

5%

$83

Other

0%

$0

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