REI Lense

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$2,318 (target)

143 Allen Dale Ln, Lincolnton, NC 28092

3 beds • 2 baths • 1080 sqft

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This property might be a fair Mid-Term investment with a projected 1.69% first-year return on $66,006 initial cash invested.

1.69%

Cash On Cash

7.23%

Cap Rate

1.16

DSCR

$2,318

Rent

$93

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,318 income − $2,225 expenses = $93 cash flow

Income$2,318Mortgage P&I$1,19251%Property Taxes$1567%Insurance$884%Management$27812%CapEx$934%Vacancy$703%Maintenance$934%Other$25511%Cash Flow$93

Investment Breakdown

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Purchase Price

$229k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,006

Downpayment

20%

$45,720

Closing costs

1%

$2,286

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,318

Total Expenses

$2,225

Mortgage P&I

51%

$1,192

Property Taxes

7%

$156

Home Insurance

4%

$88

HOA

0%

$0

Property Management

12%

$278

CapEx

4%

$93

Vacancy

3%

$70

Maintenance

4%

$93

Other

11%

$255

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