REI Lense

REI Lense

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$1,754 (target)

841 Murphy St, Kannapolis, NC 28081

3 beds • 2 baths • 1568 sqft

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This property looks like a bad Long-Term investment with a projected -13% first-year return on $72,450 initial cash invested.

-13%

Cash On Cash

3.55%

Cap Rate

0.59

DSCR

$1,754

Rent

-$785

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,754 income − $2,539 expenses = $785 out of pocket

Income$1,754Out of Pocket$785Mortgage P&I$1,71898%Property Taxes$24414%Insurance$1217%Management$17510%CapEx$885%Vacancy$1056%Maintenance$885%

Investment Breakdown

|

Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,450

Downpayment

20%

$69,000

Closing costs

1%

$3,450

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,754

Total Expenses

$2,539

Mortgage P&I

98%

$1,718

Property Taxes

14%

$244

Home Insurance

7%

$121

HOA

0%

$0

Property Management

10%

$175

CapEx

5%

$88

Vacancy

6%

$105

Maintenance

5%

$88

Other

0%

$0

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