REI Lense

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$2,598 (target)

113 Pleasant St, Belmont, NC 28012

3 beds • 2 baths • 1318 sqft

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This property looks like a bad Mid-Term investment with a projected -1.51% first-year return on $80,853 initial cash invested.

-1.51%

Cash On Cash

5.95%

Cap Rate

1

DSCR

$2,598

Rent

-$102

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,598 income − $2,700 expenses = $102 out of pocket

Income$2,598Out of Pocket$102Mortgage P&I$1,48157%Property Taxes$2359%Insurance$1004%Management$31212%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28611%

Investment Breakdown

|

Purchase Price

$299k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,853

Downpayment

20%

$59,860

Closing costs

1%

$2,993

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,598

Total Expenses

$2,700

Mortgage P&I

57%

$1,481

Property Taxes

9%

$235

Home Insurance

4%

$100

HOA

0%

$0

Property Management

12%

$312

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$286

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