REI Lense

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$2,349 (target)

815 Katherine Ave, Kings Mountain, NC 28086

3 beds • 2 baths • 1475 sqft

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This property looks like a bad Mid-Term investment with a projected -0.28% first-year return on $72,390 initial cash invested.

-0.28%

Cash On Cash

6.51%

Cap Rate

1.06

DSCR

$2,349

Rent

-$17

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,349 income − $2,366 expenses = $17 out of pocket

Income$2,349Out of Pocket$17Mortgage P&I$1,32756%Property Taxes$1506%Insurance$914%Management$28212%CapEx$944%Vacancy$703%Maintenance$944%Other$25811%

Investment Breakdown

|

Purchase Price

$259k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,390

Downpayment

20%

$51,800

Closing costs

1%

$2,590

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,349

Total Expenses

$2,366

Mortgage P&I

56%

$1,327

Property Taxes

6%

$150

Home Insurance

4%

$91

HOA

0%

$0

Property Management

12%

$282

CapEx

4%

$94

Vacancy

3%

$70

Maintenance

4%

$94

Other

11%

$258

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