REI Lense

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$4,226 (target)

9319 Old Gold Mine Ct, Mint Hill, NC 28227

3 beds • 3 baths • 2373 sqft

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This property looks like a bad Mid-Term investment with a projected -3.57% first-year return on $131k initial cash invested.

-3.57%

Cash On Cash

5.53%

Cap Rate

0.92

DSCR

$4,226

Rent

-$390

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,226 income − $4,616 expenses = $390 out of pocket

Income$4,226Out of Pocket$390Mortgage P&I$2,70764%Property Taxes$2767%Insurance$1965%Management$50712%CapEx$1694%Vacancy$1273%Maintenance$1694%Other$46511%

Investment Breakdown

|

Purchase Price

$539k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$108k

Closing costs

1%

$5,392

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,226

Total Expenses

$4,616

Mortgage P&I

64%

$2,707

Property Taxes

7%

$276

Home Insurance

5%

$196

HOA

0%

$0

Property Management

12%

$507

CapEx

4%

$169

Vacancy

3%

$127

Maintenance

4%

$169

Other

11%

$465

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