REI Lense

REI Lense

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$2,363 (target)

8025 Silver Maple Ln, Mint Hill, NC 28227

3 beds • 2 baths • 2190 sqft

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This property looks like a bad Long-Term investment with a projected -19.5% first-year return on $142k initial cash invested.

-19.5%

Cash On Cash

2.22%

Cap Rate

0.36

DSCR

$2,363

Rent

-$2,303

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,363 income − $4,666 expenses = $2,303 out of pocket

Income$2,363Out of Pocket$2,303Mortgage P&I$3,434145%Property Taxes$38216%Insurance$23610%Management$23610%CapEx$1185%Vacancy$1426%Maintenance$1185%

Investment Breakdown

|

Purchase Price

$675k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$142k

Downpayment

20%

$135k

Closing costs

1%

$6,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,363

Total Expenses

$4,666

Mortgage P&I

145%

$3,434

Property Taxes

16%

$382

Home Insurance

10%

$236

HOA

0%

$0

Property Management

10%

$236

CapEx

5%

$118

Vacancy

6%

$142

Maintenance

5%

$118

Other

0%

$0

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