REI Lense

REI Lense

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$2,024 (target)

8003 Hope Ln, Waxhaw, NC 28173

3 beds • 2 baths • 1214 sqft

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This property looks like a bad Long-Term investment with a projected -10.3% first-year return on $82,110 initial cash invested.

-10.3%

Cash On Cash

4.13%

Cap Rate

0.69

DSCR

$2,024

Rent

-$705

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,024 income − $2,729 expenses = $705 out of pocket

Income$2,024Out of Pocket$705Mortgage P&I$1,95196%Property Taxes$1136%Insurance$1407%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

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Purchase Price

$391k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,110

Downpayment

20%

$78,200

Closing costs

1%

$3,910

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,024

Total Expenses

$2,729

Mortgage P&I

96%

$1,951

Property Taxes

6%

$113

Home Insurance

7%

$140

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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