REI Lense

REI Lense

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$2,276 (target)

1001 Plantation Dr, Lenoir, NC 28645

3 beds • 4 baths • 2847 sqft

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This property looks like a bad Long-Term investment with a projected -7.99% first-year return on $79,758 initial cash invested.

-7.99%

Cash On Cash

4.73%

Cap Rate

0.78

DSCR

$2,276

Rent

-$531

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,276 income − $2,807 expenses = $531 out of pocket

Income$2,276Out of Pocket$531Mortgage P&I$1,91584%Property Taxes$1637%Insurance$1366%Management$22810%CapEx$1145%Vacancy$1376%Maintenance$1145%

Investment Breakdown

|

Purchase Price

$380k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,758

Downpayment

20%

$75,960

Closing costs

1%

$3,798

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,276

Total Expenses

$2,807

Mortgage P&I

84%

$1,915

Property Taxes

7%

$163

Home Insurance

6%

$136

HOA

0%

$0

Property Management

10%

$228

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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