REI Lense

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$1,600 (target)

116 Glenwood Ave, Burlington, NC 27215

3 beds • 2 baths • 1686 sqft

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This property looks like a bad Long-Term investment with a projected -6.59% first-year return on $49,014 initial cash invested.

-6.59%

Cash On Cash

5.34%

Cap Rate

0.85

DSCR

$1,600

Rent

-$269

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,600 income − $1,869 expenses = $269 out of pocket

Income$1,600Out of Pocket$269Mortgage P&I$1,22877%Property Taxes$1419%Insurance$845%Management$16010%CapEx$805%Vacancy$966%Maintenance$805%

Investment Breakdown

|

Purchase Price

$233k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,014

Downpayment

20%

$46,680

Closing costs

1%

$2,334

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,600

Total Expenses

$1,869

Mortgage P&I

77%

$1,228

Property Taxes

9%

$141

Home Insurance

5%

$84

HOA

0%

$0

Property Management

10%

$160

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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