REI Lense

REI Lense

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$2,594 (target)

109 Portmanvilla Rd, Black Mountain, NC 28711

3 beds • 2 baths • 1244 sqft

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This property looks like a bad Long-Term investment with a projected -9.37% first-year return on $104k initial cash invested.

-9.37%

Cash On Cash

4.46%

Cap Rate

0.73

DSCR

$2,594

Rent

-$812

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,594 income − $3,406 expenses = $812 out of pocket

Income$2,594Out of Pocket$812Mortgage P&I$2,52397%Property Taxes$351%Insurance$1737%Management$25910%CapEx$1305%Vacancy$1566%Maintenance$1305%

Investment Breakdown

|

Purchase Price

$495k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$99,000

Closing costs

1%

$4,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,594

Total Expenses

$3,406

Mortgage P&I

97%

$2,523

Property Taxes

1%

$35

Home Insurance

7%

$173

HOA

0%

$0

Property Management

10%

$259

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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