REI Lense

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$2,970 (target)

131 Jana Dr, Statesville, NC 28677

3 beds • 2 baths • 2000 sqft

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This property looks like a bad Mid-Term investment with a projected -5.98% first-year return on $100k initial cash invested.

-5.98%

Cash On Cash

4.85%

Cap Rate

0.81

DSCR

$2,970

Rent

-$500

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,970 income − $3,470 expenses = $500 out of pocket

Income$2,970Out of Pocket$500Mortgage P&I$1,96666%Property Taxes$32811%Insurance$1334%HOA$331%Management$35612%CapEx$1194%Vacancy$893%Maintenance$1194%Other$32711%

Investment Breakdown

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Purchase Price

$392k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$100k

Downpayment

20%

$78,420

Closing costs

1%

$3,921

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,970

Total Expenses

$3,470

Mortgage P&I

66%

$1,966

Property Taxes

11%

$328

Home Insurance

4%

$133

HOA

1%

$33

Property Management

12%

$356

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$327

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