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$2,980 (target)

112 Spindle Dr, Maiden, NC 28650

3 beds • 2 baths • 1598 sqft

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This property looks like a bad Mid-Term investment with a projected -0.68% first-year return on $89,400 initial cash invested.

-0.68%

Cash On Cash

6.29%

Cap Rate

1.04

DSCR

$2,980

Rent

-$51

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,980 income − $3,031 expenses = $51 out of pocket

Income$2,980Out of Pocket$51Mortgage P&I$1,71357%Property Taxes$1846%Insurance$1214%Management$35812%CapEx$1194%Vacancy$893%Maintenance$1194%Other$32811%

Investment Breakdown

|

Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,400

Downpayment

20%

$68,000

Closing costs

1%

$3,400

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,980

Total Expenses

$3,031

Mortgage P&I

57%

$1,713

Property Taxes

6%

$184

Home Insurance

4%

$121

HOA

0%

$0

Property Management

12%

$358

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$328

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