REI Lense

REI Lense

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$1,792 (target)

822 Rubens Rd SW, Concord, NC 28027

3 beds • 2 baths • 1400 sqft

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This property looks like a bad Long-Term investment with a projected -10.72% first-year return on $65,016 initial cash invested.

-10.72%

Cash On Cash

4.1%

Cap Rate

0.68

DSCR

$1,792

Rent

-$581

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,792 income − $2,373 expenses = $581 out of pocket

Income$1,792Out of Pocket$581Mortgage P&I$1,54986%Property Taxes$23613%Insurance$1217%Management$17910%CapEx$905%Vacancy$1086%Maintenance$905%

Investment Breakdown

|

Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,016

Downpayment

20%

$61,920

Closing costs

1%

$3,096

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,792

Total Expenses

$2,373

Mortgage P&I

86%

$1,549

Property Taxes

13%

$236

Home Insurance

7%

$121

HOA

0%

$0

Property Management

10%

$179

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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