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$2,278 (target)

109 Kincaid Hill Dr, Lenoir, NC 28645

3 beds • 3 baths • 2441 sqft

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This property looks like a bad Mid-Term investment with a projected -7.34% first-year return on $95,679 initial cash invested.

-7.34%

Cash On Cash

4.4%

Cap Rate

0.73

DSCR

$2,278

Rent

-$585

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,278 income − $2,863 expenses = $585 out of pocket

Income$2,278Out of Pocket$585Mortgage P&I$1,84981%Property Taxes$1105%Insurance$1306%Management$27312%CapEx$914%Vacancy$683%Maintenance$914%Other$25111%

Investment Breakdown

|

Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,679

Downpayment

20%

$73,980

Closing costs

1%

$3,699

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,278

Total Expenses

$2,863

Mortgage P&I

81%

$1,849

Property Taxes

5%

$110

Home Insurance

6%

$130

HOA

0%

$0

Property Management

12%

$273

CapEx

4%

$91

Vacancy

3%

$68

Maintenance

4%

$91

Other

11%

$251

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