REI Lense

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$1,658 (target)

1113 Ponderosa Rd, Lincolnton, NC 28092

3 beds • 2 baths • 1512 sqft

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This property looks like a bad Long-Term investment with a projected -12.17% first-year return on $63,294 initial cash invested.

-12.17%

Cash On Cash

4.34%

Cap Rate

0.66

DSCR

$1,658

Rent

-$642

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,658 income − $2,300 expenses = $642 out of pocket

Income$1,658Out of Pocket$642Mortgage P&I$1,64999%Property Taxes$1328%Insurance$885%Management$16610%CapEx$835%Vacancy$996%Maintenance$835%

Investment Breakdown

|

Purchase Price

$301k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,294

Downpayment

20%

$60,280

Closing costs

1%

$3,014

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,658

Total Expenses

$2,300

Mortgage P&I

99%

$1,649

Property Taxes

8%

$132

Home Insurance

5%

$88

HOA

0%

$0

Property Management

10%

$166

CapEx

5%

$83

Vacancy

6%

$99

Maintenance

5%

$83

Other

0%

$0

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