REI Lense

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$2,376 (target)

844 Armstrong Rd, Belmont, NC 28012

3 beds • 2 baths • 1776 sqft

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This property looks like a bad Long-Term investment with a projected -26.77% first-year return on $168k initial cash invested.

-26.77%

Cash On Cash

1.11%

Cap Rate

0.17

DSCR

$2,376

Rent

-$3,739

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,376 income − $6,115 expenses = $3,739 out of pocket

Income$2,376Out of Pocket$3,739Mortgage P&I$4,360184%Property Taxes$61726%Insurance$49021%HOA$291%Management$23810%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

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Purchase Price

$798k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$168k

Downpayment

20%

$160k

Closing costs

1%

$7,981

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,376

Total Expenses

$6,115

Mortgage P&I

184%

$4,360

Property Taxes

26%

$617

Home Insurance

21%

$490

HOA

1%

$29

Property Management

10%

$238

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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