REI Lense

REI Lense

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$2,162 (target)

9909 Sunway Dr, Mint Hill, NC 28227

3 beds • 2 baths • 1610 sqft

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This property looks like a bad Long-Term investment with a projected -7.11% first-year return on $68,985 initial cash invested.

-7.11%

Cash On Cash

5.1%

Cap Rate

0.82

DSCR

$2,162

Rent

-$409

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,162 income − $2,571 expenses = $409 out of pocket

Income$2,162Out of Pocket$409Mortgage P&I$1,69778%Property Taxes$1939%Insurance$1196%Management$21610%CapEx$1085%Vacancy$1306%Maintenance$1085%

Investment Breakdown

|

Purchase Price

$329k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,985

Downpayment

20%

$65,700

Closing costs

1%

$3,285

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,162

Total Expenses

$2,571

Mortgage P&I

78%

$1,697

Property Taxes

9%

$193

Home Insurance

6%

$119

HOA

0%

$0

Property Management

10%

$216

CapEx

5%

$108

Vacancy

6%

$130

Maintenance

5%

$108

Other

0%

$0

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