REI Lense

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$2,466 (target)

136 Middle Landing Dr, Smithfield, NC 27577

3 beds • 2 baths • 1304 sqft

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This property looks like a bad Mid-Term investment with a projected -1.52% first-year return on $79,782 initial cash invested.

-1.52%

Cash On Cash

5.99%

Cap Rate

1

DSCR

$2,466

Rent

-$101

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,466 income − $2,567 expenses = $101 out of pocket

Income$2,466Out of Pocket$101Mortgage P&I$1,47160%Property Taxes$1476%Insurance$1054%HOA$5Management$29612%CapEx$994%Vacancy$743%Maintenance$994%Other$27111%

Investment Breakdown

|

Purchase Price

$294k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,782

Downpayment

20%

$58,840

Closing costs

1%

$2,942

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,466

Total Expenses

$2,567

Mortgage P&I

60%

$1,471

Property Taxes

6%

$147

Home Insurance

4%

$105

HOA

0%

$5

Property Management

12%

$296

CapEx

4%

$99

Vacancy

3%

$74

Maintenance

4%

$99

Other

11%

$271

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