REI Lense

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$5,726 (target)

9544 Brief Rd, Mint Hill, NC 28227

3 beds • 5 baths • 2883 sqft

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This property looks like a bad Mid-Term investment with a projected -10.64% first-year return on $191k initial cash invested.

-10.64%

Cash On Cash

3.85%

Cap Rate

0.64

DSCR

$5,726

Rent

-$1,696

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,726 income − $7,422 expenses = $1,696 out of pocket

Income$5,726Out of Pocket$1,696Mortgage P&I$4,11372%Property Taxes$84215%Insurance$5209%Management$68712%CapEx$2294%Vacancy$1723%Maintenance$2294%Other$63011%

Investment Breakdown

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Purchase Price

$825k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$191k

Downpayment

20%

$165k

Closing costs

1%

$8,251

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,726

Total Expenses

$7,422

Mortgage P&I

72%

$4,113

Property Taxes

15%

$842

Home Insurance

9%

$520

HOA

0%

$0

Property Management

12%

$687

CapEx

4%

$229

Vacancy

3%

$172

Maintenance

4%

$229

Other

11%

$630

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