REI Lense

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$1,545 (target)

143 Allen Dale Ln, Lincolnton, NC 28092

3 beds • 2 baths • 1080 sqft

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This property looks like a bad Long-Term investment with a projected -7.3% first-year return on $48,006 initial cash invested.

-7.3%

Cash On Cash

5.13%

Cap Rate

0.82

DSCR

$1,545

Rent

-$292

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,545 income − $1,837 expenses = $292 out of pocket

Income$1,545Out of Pocket$292Mortgage P&I$1,19277%Property Taxes$15610%Insurance$886%Management$15410%CapEx$775%Vacancy$936%Maintenance$775%

Investment Breakdown

|

Purchase Price

$229k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,006

Downpayment

20%

$45,720

Closing costs

1%

$2,286

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,545

Total Expenses

$1,837

Mortgage P&I

77%

$1,192

Property Taxes

10%

$156

Home Insurance

6%

$88

HOA

0%

$0

Property Management

10%

$154

CapEx

5%

$77

Vacancy

6%

$93

Maintenance

5%

$77

Other

0%

$0

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