REI Lense

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$2,445 (target)

118 Hoover St NW, Lenoir, NC 28645

3 beds • 2 baths • 1414 sqft

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This property looks like a bad Mid-Term investment with a projected -0.09% first-year return on $78,438 initial cash invested.

-0.09%

Cash On Cash

6.3%

Cap Rate

1.06

DSCR

$2,445

Rent

-$6

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,445 income − $2,451 expenses = $6 out of pocket

Income$2,445Out of Pocket$6Mortgage P&I$1,42058%Property Taxes$984%Insurance$1024%Management$29312%CapEx$984%Vacancy$733%Maintenance$984%Other$26911%

Investment Breakdown

|

Purchase Price

$288k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,438

Downpayment

20%

$57,560

Closing costs

1%

$2,878

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,445

Total Expenses

$2,451

Mortgage P&I

58%

$1,420

Property Taxes

4%

$98

Home Insurance

4%

$102

HOA

0%

$0

Property Management

12%

$293

CapEx

4%

$98

Vacancy

3%

$73

Maintenance

4%

$98

Other

11%

$269

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