REI Lense

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$2,136 (target)

9050 Miriam Dr, Huntersville, NC 28078

3 beds • 2 baths • 1850 sqft

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This property looks like a bad Long-Term investment with a projected -11.62% first-year return on $87,759 initial cash invested.

-11.62%

Cash On Cash

3.87%

Cap Rate

0.64

DSCR

$2,136

Rent

-$850

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,136 income − $2,986 expenses = $850 out of pocket

Income$2,136Out of Pocket$850Mortgage P&I$2,09198%Property Taxes$1899%Insurance$1507%Management$21410%CapEx$1075%Vacancy$1286%Maintenance$1075%

Investment Breakdown

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Purchase Price

$418k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,759

Downpayment

20%

$83,580

Closing costs

1%

$4,179

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,136

Total Expenses

$2,986

Mortgage P&I

98%

$2,091

Property Taxes

9%

$189

Home Insurance

7%

$150

HOA

0%

$0

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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