REI Lense

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$2,247 (target)

8420 Wilson Woods Dr, Mint Hill, NC 28227

3 beds • 2 baths • 1705 sqft

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This property looks like a bad Long-Term investment with a projected -8.42% first-year return on $77,952 initial cash invested.

-8.42%

Cash On Cash

4.66%

Cap Rate

0.77

DSCR

$2,247

Rent

-$547

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,247 income − $2,794 expenses = $547 out of pocket

Income$2,247Out of Pocket$547Mortgage P&I$1,87784%Property Taxes$1999%Insurance$1346%Management$22510%CapEx$1125%Vacancy$1356%Maintenance$1125%

Investment Breakdown

|

Purchase Price

$371k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,952

Downpayment

20%

$74,240

Closing costs

1%

$3,712

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,247

Total Expenses

$2,794

Mortgage P&I

84%

$1,877

Property Taxes

9%

$199

Home Insurance

6%

$134

HOA

0%

$0

Property Management

10%

$225

CapEx

5%

$112

Vacancy

6%

$135

Maintenance

5%

$112

Other

0%

$0

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