REI Lense

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$2,562 (target)

8234 Dennis Rd, Mint Hill, NC 28227

3 beds • 3 baths • 2128 sqft

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This property looks like a bad Long-Term investment with a projected -20.14% first-year return on $171k initial cash invested.

-20.14%

Cash On Cash

1.88%

Cap Rate

0.32

DSCR

$2,562

Rent

-$2,872

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,562 income − $5,434 expenses = $2,872 out of pocket

Income$2,562Out of Pocket$2,872Mortgage P&I$4,021157%Property Taxes$46218%Insurance$28511%Management$25610%CapEx$1285%Vacancy$1546%Maintenance$1285%

Investment Breakdown

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Purchase Price

$815k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$171k

Downpayment

20%

$163k

Closing costs

1%

$8,150

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,562

Total Expenses

$5,434

Mortgage P&I

157%

$4,021

Property Taxes

18%

$462

Home Insurance

11%

$285

HOA

0%

$0

Property Management

10%

$256

CapEx

5%

$128

Vacancy

6%

$154

Maintenance

5%

$128

Other

0%

$0

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