REI Lense

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$2,960 (target)

904 Laye St, Belmont, NC 28012

3 beds • 2 baths • 1371 sqft

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This property looks like a bad Mid-Term investment with a projected -6.07% first-year return on $104k initial cash invested.

-6.07%

Cash On Cash

4.79%

Cap Rate

0.8

DSCR

$2,960

Rent

-$528

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,960 income − $3,488 expenses = $528 out of pocket

Income$2,960Out of Pocket$528Mortgage P&I$2,05269%Property Taxes$2819%Insurance$1495%Management$35512%CapEx$1184%Vacancy$893%Maintenance$1184%Other$32611%

Investment Breakdown

|

Purchase Price

$412k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$82,300

Closing costs

1%

$4,115

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,960

Total Expenses

$3,488

Mortgage P&I

69%

$2,052

Property Taxes

9%

$281

Home Insurance

5%

$149

HOA

0%

$0

Property Management

12%

$355

CapEx

4%

$118

Vacancy

3%

$89

Maintenance

4%

$118

Other

11%

$326

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