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$2,986 (target)

1006 Strawberry Ln, Gastonia, NC 28054

3 beds • 3 baths • 1925 sqft

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This property looks like a bad Mid-Term investment with a projected -8.24% first-year return on $110k initial cash invested.

-8.24%

Cash On Cash

4.31%

Cap Rate

0.71

DSCR

$2,986

Rent

-$752

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,986 income − $3,738 expenses = $752 out of pocket

Income$2,986Out of Pocket$752Mortgage P&I$2,19874%Property Taxes$36812%Insurance$1585%Management$35812%CapEx$1194%Vacancy$903%Maintenance$1194%Other$32811%

Investment Breakdown

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Purchase Price

$436k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,200

Closing costs

1%

$4,360

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,986

Total Expenses

$3,738

Mortgage P&I

74%

$2,198

Property Taxes

12%

$368

Home Insurance

5%

$158

HOA

0%

$0

Property Management

12%

$358

CapEx

4%

$119

Vacancy

3%

$90

Maintenance

4%

$119

Other

11%

$328

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