REI Lense

REI Lense

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$1,973 (target)

904 Laye St, Belmont, NC 28012

3 beds • 2 baths • 1371 sqft

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This property looks like a bad Long-Term investment with a projected -14.19% first-year return on $86,415 initial cash invested.

-14.19%

Cash On Cash

3.29%

Cap Rate

0.55

DSCR

$1,973

Rent

-$1,022

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,973 income − $2,995 expenses = $1,022 out of pocket

Income$1,973Out of Pocket$1,022Mortgage P&I$2,052104%Property Taxes$28114%Insurance$1498%Management$19710%CapEx$995%Vacancy$1186%Maintenance$995%

Investment Breakdown

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Purchase Price

$412k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,415

Downpayment

20%

$82,300

Closing costs

1%

$4,115

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,973

Total Expenses

$2,995

Mortgage P&I

104%

$2,052

Property Taxes

14%

$281

Home Insurance

8%

$149

HOA

0%

$0

Property Management

10%

$197

CapEx

5%

$99

Vacancy

6%

$118

Maintenance

5%

$99

Other

0%

$0

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