REI Lense

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$2,925 (target)

131 Midwood Ln, Belmont, NC 28012

3 beds • 2 baths • 1260 sqft

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This property looks like a bad Mid-Term investment with a projected -1.39% first-year return on $89,736 initial cash invested.

-1.39%

Cash On Cash

6.09%

Cap Rate

1.01

DSCR

$2,925

Rent

-$104

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,925 income − $3,029 expenses = $104 out of pocket

Income$2,925Out of Pocket$104Mortgage P&I$1,72259%Property Taxes$1906%Insurance$1224%Management$35112%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32211%

Investment Breakdown

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Purchase Price

$342k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,736

Downpayment

20%

$68,320

Closing costs

1%

$3,416

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,925

Total Expenses

$3,029

Mortgage P&I

59%

$1,722

Property Taxes

7%

$190

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$351

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$322

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