REI Lense

REI Lense

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$1,374 (target)

119 SE Foothill Dr, Lenoir, NC 28645

3 beds • 2 baths • 1699 sqft

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This property looks like a bad Long-Term investment with a projected -11.69% first-year return on $59,850 initial cash invested.

-11.69%

Cash On Cash

3.82%

Cap Rate

0.64

DSCR

$1,374

Rent

-$583

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,374 income − $1,957 expenses = $583 out of pocket

Income$1,374Out of Pocket$583Mortgage P&I$1,422103%Property Taxes$786%Insurance$1007%Management$13710%CapEx$695%Vacancy$826%Maintenance$695%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,850

Downpayment

20%

$57,000

Closing costs

1%

$2,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,374

Total Expenses

$1,957

Mortgage P&I

103%

$1,422

Property Taxes

6%

$78

Home Insurance

7%

$100

HOA

0%

$0

Property Management

10%

$137

CapEx

5%

$69

Vacancy

6%

$82

Maintenance

5%

$69

Other

0%

$0

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