REI Lense

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$1,634 (target)

105 Spurgen Dr, Kings Mountain, NC 28086

3 beds • 2 baths • 1525 sqft

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This property looks like a bad Long-Term investment with a projected -11.64% first-year return on $66,381 initial cash invested.

-11.64%

Cash On Cash

3.87%

Cap Rate

0.64

DSCR

$1,634

Rent

-$644

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,634 income − $2,278 expenses = $644 out of pocket

Income$1,634Out of Pocket$644Mortgage P&I$1,58197%Property Taxes$15810%Insurance$1147%Management$16310%CapEx$825%Vacancy$986%Maintenance$825%

Investment Breakdown

|

Purchase Price

$316k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,381

Downpayment

20%

$63,220

Closing costs

1%

$3,161

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,634

Total Expenses

$2,278

Mortgage P&I

97%

$1,581

Property Taxes

10%

$158

Home Insurance

7%

$114

HOA

0%

$0

Property Management

10%

$163

CapEx

5%

$82

Vacancy

6%

$98

Maintenance

5%

$82

Other

0%

$0

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