REI Lense

REI Lense

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$2,547 (target)

8407 Festival Way, Charlotte, NC 28215

3 beds • 3 baths • 2434 sqft

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This property looks like a bad Long-Term investment with a projected -20.3% first-year return on $119k initial cash invested.

-20.3%

Cash On Cash

2.33%

Cap Rate

0.37

DSCR

$2,547

Rent

-$2,010

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,547 income − $4,557 expenses = $2,010 out of pocket

Income$2,547Out of Pocket$2,010Mortgage P&I$2,980117%Property Taxes$31412%Insurance$2018%HOA$40016%Management$25510%CapEx$1275%Vacancy$1536%Maintenance$1275%

Investment Breakdown

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Purchase Price

$566k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$113k

Closing costs

1%

$5,658

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,547

Total Expenses

$4,557

Mortgage P&I

117%

$2,980

Property Taxes

12%

$314

Home Insurance

8%

$201

HOA

16%

$400

Property Management

10%

$255

CapEx

5%

$127

Vacancy

6%

$153

Maintenance

5%

$127

Other

0%

$0

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