REI Lense

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$3,564 (target)

844 Armstrong Rd, Belmont, NC 28012

3 beds • 2 baths • 1776 sqft

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This property looks like a bad Mid-Term investment with a projected -20.33% first-year return on $186k initial cash invested.

-20.33%

Cash On Cash

2.04%

Cap Rate

0.31

DSCR

$3,564

Rent

-$3,145

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,564 income − $6,709 expenses = $3,145 out of pocket

Income$3,564Out of Pocket$3,145Mortgage P&I$4,360122%Property Taxes$61717%Insurance$49014%HOA$291%Management$42812%CapEx$1434%Vacancy$1073%Maintenance$1434%Other$39211%

Investment Breakdown

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Purchase Price

$798k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$186k

Downpayment

20%

$160k

Closing costs

1%

$7,981

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,564

Total Expenses

$6,709

Mortgage P&I

122%

$4,360

Property Taxes

17%

$617

Home Insurance

14%

$490

HOA

1%

$29

Property Management

12%

$428

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$392

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