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$2,715 (target)

1203 Summerhill St SW, Lenoir, NC 28645

3 beds • 2 baths • 1520 sqft

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This property looks like a bad Mid-Term investment with a projected -5.22% first-year return on $105k initial cash invested.

-5.22%

Cash On Cash

4.89%

Cap Rate

0.83

DSCR

$2,715

Rent

-$457

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,715 income − $3,172 expenses = $457 out of pocket

Income$2,715Out of Pocket$457Mortgage P&I$2,04075%Property Taxes$422%Insurance$1495%HOA$171%Management$32612%CapEx$1094%Vacancy$813%Maintenance$1094%Other$29911%

Investment Breakdown

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Purchase Price

$415k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$82,960

Closing costs

1%

$4,148

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,715

Total Expenses

$3,172

Mortgage P&I

75%

$2,040

Property Taxes

2%

$42

Home Insurance

5%

$149

HOA

1%

$17

Property Management

12%

$326

CapEx

4%

$109

Vacancy

3%

$81

Maintenance

4%

$109

Other

11%

$299

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