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$2,061 (target)

119 SE Foothill Dr, Lenoir, NC 28645

3 beds • 2 baths • 1699 sqft

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This property looks like a bad Mid-Term investment with a projected -3.68% first-year return on $77,850 initial cash invested.

-3.68%

Cash On Cash

5.33%

Cap Rate

0.89

DSCR

$2,061

Rent

-$239

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,061 income − $2,300 expenses = $239 out of pocket

Income$2,061Out of Pocket$239Mortgage P&I$1,42269%Property Taxes$784%Insurance$1005%Management$24712%CapEx$824%Vacancy$623%Maintenance$824%Other$22711%

Investment Breakdown

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Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,850

Downpayment

20%

$57,000

Closing costs

1%

$2,850

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,061

Total Expenses

$2,300

Mortgage P&I

69%

$1,422

Property Taxes

4%

$78

Home Insurance

5%

$100

HOA

0%

$0

Property Management

12%

$247

CapEx

4%

$82

Vacancy

3%

$62

Maintenance

4%

$82

Other

11%

$227

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