REI Lense

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$3,843 (target)

8234 Dennis Rd, Mint Hill, NC 28227

3 beds • 3 baths • 2128 sqft

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This property looks like a bad Mid-Term investment with a projected -14.16% first-year return on $189k initial cash invested.

-14.16%

Cash On Cash

2.86%

Cap Rate

0.48

DSCR

$3,843

Rent

-$2,232

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,843 income − $6,075 expenses = $2,232 out of pocket

Income$3,843Out of Pocket$2,232Mortgage P&I$4,021105%Property Taxes$46212%Insurance$2857%Management$46112%CapEx$1544%Vacancy$1153%Maintenance$1544%Other$42311%

Investment Breakdown

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Purchase Price

$815k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$189k

Downpayment

20%

$163k

Closing costs

1%

$8,150

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,843

Total Expenses

$6,075

Mortgage P&I

105%

$4,021

Property Taxes

12%

$462

Home Insurance

7%

$285

HOA

0%

$0

Property Management

12%

$461

CapEx

4%

$154

Vacancy

3%

$115

Maintenance

4%

$154

Other

11%

$423

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